Hi there,Congratulations on starting your real estate investing journey and completing the rehab on your Detroit property It sounds like you've done a lot of work and are now at a critical decision point.First, let's break down your situation:- You've already done major rehab and have a tenant in place.- You analyzed the hold option and know it can cash flow.- The property is not getting much traction as a turnkey, and your hard money loan is maturing soon.Here are some key things to consider:**Refinancing with a DSCR Loan:**- DSCR (Debt Service Coverage Ratio) loans are great for investors because they focus on the property's cash flow rather than your personal income.- Make sure the property appraises for the calculated ARV (After Repair Value) to get the best loan terms.- Consider the loan terms, interest rates, and any prepayment penalties.

People sometimes make bad decisions in life and you have to decide whether it is forgivable or not.

Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.

Here are a few steps you can consider to help make an informed decision:### 1.

I recommend grabbing a couple of good books, like Rich Dad Poor Dad or The Book on Rental Property Investing.

The poor broker who gets scammed is not only out a lot of money but their reputation is going to suffer big time as their borrowers info is now all out on the Dark Web..

It is not that self storage is a bad industry right now it is the skipper running the cre. a great manager can make a poor location produce!

Having a clear exit strategy will guide your investment decisions.7.

If you received a variance, once the notice of decision was posted and appeal period ran its course you should have first obtained your zoning permit.

There are a lot of moving parts in a decision like this.