Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

This 1925 bungalow was a true challenge, needing a complete rehab from top to bottom.

As an agent who has worked almost exclusively with investors for years, I almost automatically take the approach of saying “no” first.

Hopefully, some of the lenders posting here can address that challenge...

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I’d love to hear your thoughts, especially if you’ve seen these challenges in your market or have insights into how STR investors can navigate this potential shift.

However, I cannot find any court cases where this is currently being challenged.

Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

My first property was tough, (credit not in place was a challenge - luckily, got some help on this!)