So yes its possible to buy a note and make a huge return but like owing a home in Detroit that you paid 1k for and sold to some unsuspecting Cash flow investor for 30k and made a whopping % profit its not sustainable @J Scott like J Scott mentioned.And the idea in my mind that you can take newbies that go to course's and teach them how to buy non performing assets and then go through the foreclosure process for the reinstatement process while it can be done I bet a fair amount of them ( just like cash flow investors buying Ghetto) the assets are the same and all the same troubles come along with them.At least that's my view.

Does that resonate with you?

I’m aware I should’ve backed out when the inspection was done but thinking I could bare the cost - it’s not sustainable for the goals I have with this property.

If managing the STR is no longer sustainable @Robbie Shiver, here are a few alternative options to explore:Mid-Term Rentals: Consider marketing to travel nurses or corporate relocations for stays of 1-6 months.

I really get where you are coming from in your discussion.The thing that resonates with me is the Class A neighborhoods.

I've rented it out before but with my full time job, managing two STR's is a bit stressful and hard to sustain so looking for other options.

P and Z  is on board as this will increase the financial  sustainability of my small farm.

In my experience like other things you get what you pay for. if you go with the companies that are charging super cheap rates - 5%, $100/month or something like that they don't have enough income to sustain a supportive team to actually help you manage your home. 10% is the going rate it seems in the city and that is where the better companies tend to exist. 

Can you sustain the loss for a few years and repairs/turnover costs that can come up?

I want to ensure I’m offering fair pricing for owners while building a sustainable business.