Examining market conditions and historical performance helps mitigate risks and enhance credibility.Reducing UncertaintyThorough investigation and analysis reduce uncertainty in investments.

There are conditions to qualify for the STR REPs status that are unique to the STR business. 

Here’s how to navigate these issues and negotiate with "AS-IS" sellers.Step 1: Asking the Right QuestionsDuring the initial phone call or walkthrough, I ask the seller key questions to assess the condition of the well and septic systems:Do you have any well reports, logs, purity tests, or flow tests?

For example the VA loan requires 0 down but are very strict on property condition so you probably won't be a great investment.

I'm mostly more concerned about the end connections and in poor weather conditions (e.g. a strong summer squall or a hurricane) if it will stay up. 

- Are there specific market conditions or trends in 2024 in Charlotte or Louisville that might influence your choice?

They don't do an appraisal so condition can be rough. 

They could offer a decent sized non-refundable EMD if they are POSITIVE they want that house in its current condition.

Happy clause.....Its obvious you are not happy with the unit.. its rented "as is"..... since you are unhappy with the unit, I will gladly let you out of your lease within 30 days, with no penalty to you and will refund your entire deposit if the unit is returned in the same condition as rented. 

It's essential for the property to maintain a DSCR Ratio of at least 1.0 across both notes.Considering the present market conditions, refinancing might be a more advantageous option for you.Please don't hesitate to direct message me if you'd like to discuss this further.Thanks,*