I only say this because the question Bigger Pockets ask above is "did you work with any real estate professionals or lenders?"

I've reached out to lenders here on Bigger Pockets- but their rates & terms seem high (DSCR or just not good terms)- I qualify for a conventional loan, but my DTI is almost maxed so why pay an extra 2-3% DSCR when I don't have too. 

I recorded a podcast last week with Dave Meyers and Henry Washington of Bigger Pockets.

Walking the property before closing is definitely worth the cost to avoid bigger headaches later, especially with flipped homes where the quality of renovations can vary.

So, an overleveraged property that had no equity to begin with and now an additonal loss from the costs of selling.What could go wrong?

Would be taking too much of a loss for it to make sense.

However, profits would be bigger if there were no HOA fee and there would be more opportunity to make improvements on the property.

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

🔟 Casualty Loss Deduction: Disaster losses might be deductible.📝 Pro Tip: Keep receipts & records to back up your claims.

As always, the bigger pockets community is awesome!!