10/16/24 - Update:I finally reached out to our HD contact (Brian) and he initiated the process on October 18th by forwarding my email to an internal contact and requesting the upgrade.

Have you looked at AirDna or another STR data tool to obtain expected ADR?

I like the Share Group for skip tracing, its not cheap, but great data is worth gold.

You can't judge an area solely on crime rate and employment and salary data, but it certainly helps.

The next issue I think is we want this property for us since we just got the LLC started once the project is finalized we don’t have enough track record on the LLC or as a business owner to get a mortage or refinance the property under a mortage.

We are long-time listeners to a number of the podcasts, but are finally joining the community. 

Often times, when there are multiple offers the seller's agent will request one final "highest and best" offer.

I spent the last three weeks scraping data on this very topic. 

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).