I would consider these markets as part of the Recession Phase.I think the market cycle phase depends on location, but across the board I see either:1) Recession Phase for pandemic boom-towns,2) (light) Recession Phase for markets that aren't appreciating faster than inflation, and 3) Recovery/Expansion for places that never "boomed" during the pandemic -- just solid & steady growth (many Midwest/Northeast Markets).Either way, it appears to me that now is the time to buy (even more so for multifamily properties).What are you seeing in your market?

The loan would be secured by the property.

Is he just wanting to dump the property or trying to maximize profits. 

The property is in pretty rough shape so we're planning on renovating before renting.

Until now I've focused on distressed single-family and small multi-family properties for rehab into rentals (BRRRR).

You then get the property rented Mar 1.

This gives them optionality but not obligation to purchase however the advantage if the property appraises sufficiently, they could purchase the property from you with as low as 0% down, you could give them rental credits towards their closing or down payment which could make it truely a zero cash out of pocket affair.

What specific websites will they advertise your vacant property on?

My team and I are actively working on a hotel-to-multifamily conversion and growing our portfolio of value-add apartment properties.

Hi Justin - It sounds like your Airbnb is performing really well, especially considering your initial intent for the property.