(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!

Good luck and we will both learn BIG lessons with our first projects and do better the next time! 

It’s in a tough neighborhood. 

If the lender keeps the property can they offload it for a quick profit or will they be stuck with a project that will cost them more money than what its worth if the deal did come thru.

This completed project adds value to the Morganton rental market with its modern updates and versatile use.

The project is still in progress, with more extensive renovations and land development planned to maximize the property's potential.

Trying to BRRR in todays market is pretty tough. 

Your buying something that will be tough to sell. 

Are you still interested in this project?

Wiring and light switches are tough to relocate but opening things up never hurts.