It's not ideal, but I don't see refinancing really being the best strategy since you have to bring cash to close, so if you can get an extension or are ok with the term you have left on the HML then I'd stick it out on the market.

Has anyone used any of the apps that allow the tenants to split payments, but still send the rent to you as a single payment?  My tenant is asking about Rent app, flex app, zenbase, livble.  Wondering about putting my...

While I bring extensive experience in wholesaling, I am constantly eager to expand my knowledge in real estate.If you have any questions or would like to discuss potential collaborations, please feel free to reach out.

If side B wasn't damaged as extensively by the fire, tell them you want it repaired first as there is less damage and you need to get it rented as they aren't covering your lost rent. 

The purchase price is low ($170000) and has great cash flow, BUT it needs extensive work - $50k-$90k of necessary upgrades - HVAC (no heat!)

So unless you need extensive work to floor plan, which changes load bearing walls, etc, then I would say, the renovation will likely be slightly more cost effective, still put you closer in rent to new construction, and provide a low maintenance property for years, given everything will be new eitherway.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

But once Airbnb agrees to collect and remit taxes on behalf of owners, it puts everyone on equal footing. 

I had a buddy who picked up a similar deal with below-market rents, thinking it was a slam dunk.. until he realized stabilizing those units meant extensive electrical work, city inspections, and longer vacancy periods than expected.

Quote from @Jimmy Lieu: Quote from @Alex Clark: Looking to buy a property in OhioHi Alex, I'm very familiar and have worked extensively in both markets.