It took 90 days or so to get confirmation your deed and mortgage had been recorded so you had this huge period of time that the bad actors could step in and pull some really crummy stuff..

We do not invest in Syndications, not good or bad, we do our own investments with higher 250% to 400% COC returns in 2 years.But we have the same considerations, when making our investments.

Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.

Some companies have these fees, as a PM, it's a bad look to charge vacancy fees.

The standard response time is 6-8 months from cross-platform marketing, but bad marketing (will buy house for cash) without any personalization is 12 months or never.Maybe I should make a canned list with headers that I copy and paste to make it more clear. :)

The thing is there was a lot of appreciation in 2021 and parts of 2022.Real estate didn't appreciate(in general) much from Summer 2022 to start of 2024.In general, the investment, while lagging behind the stock market return, is not a bad investment.You got 10% cash on cash return in year 1 and 8% cash on cash return in year 2.It was negative in year 3 but that is okay if you beleive it to be around 10% going forward.A lot of investors are starving for cash-flowing deals so I am surprised these properties didn't appreciate much.

Rod, you're in a strong position with your credit, equity, and income, and the key now is optimizing your financing strategy to scale efficiently while maintaining liquidity and leveraging smartly.The offer from your local bank isn’t bad, particularly because it provides the opportunity to convert your portfolio into a commercial loan, which would free up your DTI and allow you to scale further.

It sounds like your current "strategy" is to react when bad things happen. 

But unless you have bad terms I would likely sit on that deal for the first 4.25 years and then look to refinance at that point prior to the balloon payment 9 months later.

Once you're all moved out & settled in your new primary, you could always explore DSCR rental loan options to take capital out of the rental property if seen fit-- which would also remove the current loan from self encumbrance & free up your DTI.It's never a bad idea to hold onto assets in an appreciating market!