But if I were you I would be making a immediate bee line back to the property (xmas or not) to figure what the heck happened and quickly make an assessment to get the property back in condition. 

I take a slightly different approach and try to partner with local vendors and get commission/kick backs. 

You know, I don't know what my parents paid for it back in 2004 (ish). 

Much of our back office is centralized / remote based, while our boots on the ground are local to the market / properties. 

@Carini Rochester I agree with Greg but to be clear Good Cause does not require a landlord to provide free housing, it just forces them go through the onerous and expensive and lengthy process of actually going for non payment eviction instead of a hold over proceeding, when the landlord knows that a monetary judgement is worthless and just wants possession of their rental unit back so they can fix it back up and rent it again hopefully to a great tenant.Also the problem with all this is that from 2019 to now, landlords have gotten used to having economically or physically vacant units and have priced that risk in. 

and as they sell you continue to 1031 them back into new DSTs or back into bricks and mortar if you're tired of retirement. 

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..

Beginner,(5/2023) purchased my first investment which was a duplex back home in Chicago IL.

DSCR's are "term" loans, which means there's some amount of principal being paid back with all of your loan payments, vs. lines of credit where you're generally only paying interest.

@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.