Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Have to look at these things properly.

In a worst case scenario like the house burns down or a tenant sues you and you're not insured properly, that's a big risk. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

4) What's total balance of the current debt?

It’s all about finding that balance between offering a great space and keeping things safe. 

The loan is short term, for 12-24 months and you will be expected to sell, refinance, or pay the balance in full at the end of the term.

I sure don't want to consider myself an abuser of this forum, and therefore don't see that as a proper solution.Nonetheless I do agree with @Joshua Dorkin that it can disrupt the flow of conversation... but I don't agree that most forums act this way; I've been a member of multiple forums, and most of them have options to delete posts... rather than contacting support or marking your own post as abusive.I digress...

Hi Brett, you should run a proper property analysis.