And we simply push back and tell the buyer dont care what your inspector said they are wrong.

Which many real estate experts claim is the best time for investors to buy and hold onto until the market rebounds.With the Panama Canal reporting record income and numerous infrastructure projects in the works (like a 2nd Metro Subway line in Panama City) along with highways and the main airport expansion; the market should rebound in a year or two.

The purpose for setting it up as a STR was simply to help defray the cost of owning and maintaining the property, but again we feel that the time we put into it is taking away from our quality of life with our family/kids.We're looking for advice on what to do with the property.

There is no way anyone can answer the question without simply referencing many sources of information.  

And 2nd, because the statistics simply show persons with __% equity have <__% likelihood of defaulting and those at __% have higher and higher likelihood of default. 

If you're using hard money simply for the purchase and plan to refinance, the hard money would actually require less than long term financing.

As if you purchase the property and update the kitchen from simply an out dated look that is not necessary but is recoverable.Essentially, if you get served a redemption notice you have to put together the line item costs that the redeeming party must pay to you in order for you to surrender title back.  

Their LTV/LTC will be higher and they will likely want to scale with you where the bigger banks will likely cap you off. 70% LTV is just simply too low unless.

As a new real estate investor this is simply too large a project for me to try and tackle, but I know this forum is full of quality investors who care about their tenants and are always looking for a deal!

I simply told anyone from his team that I have talked to that I do not want to partner with Kris and give him my money.