If you can hang on into next spring/summer I bet you'll get better rents or be able to sell.How about asking your lender to push a monthly payment to the end of your term for the purpose of fixing the asset?

Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.

Only thing is, I'm finding the main companies start at about $300 a month.

If I house hack and live on the property, I sacrifice living in my own home which has been my main goal over the last couple years. 

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.

I sent him a pocket listing of mine but purposefully told him $100K more than what the Seller really wanted.

Magnolia has changed the face of Waco and is now the main attracting force for people to move here and businesses to come here.

Maybe this would also make it worthwhile to jump through the city hoops to make the basement a legal unit.Then you could maybe put a LTR in the basement who could assist with the STR in the main area.

Hi Kyle, not sure what you mean by underground, but I'm based in Seattle and invest in mainly midwest markets (Detroit and Memphis) where I have 9 (soon to be 10) doors.