I wasn’t looking to add value or find something off-market because the time and effort just didn’t seem worth it compared to focusing on my career.

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

(+1 sub)speaking of uncut gems. it's interesting that was the movie you were going to watch, given your situation. can't really compare RE to gsmbling, but the guy had heart and wouldn't give up for nothing. great job on persevering thru this storm! 

Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I have one tenant who is a god send compared to most, he accomplishes nearly ever repair I need, even did an HVAC unit. 

We’re working in a smaller market like Cornelia, GA, where comparable sales data can be limited, and want to make sure we present a strong case to lenders.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Then, gather evidence like recent sales of comparable properties to support your case.

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes.