Cleaner is paid a fixed rate for a specific job, you are paid a % of revenue.

By the way my last local purchase was dec 2021 which was before rates started increasing (just a few months before, i had good timing - when the fed states they are going to be raising rates, it is a good idea to believe rates may go up).  

The net cost to you is roughly $1,193.17.After the turn in 2020, your property was rented within a matter of days at a rate of $1,699. 

I have $25K cash for a down payment and can add $20K/year ($1,600/month) toward payments.No W2s, I've looked into building a small home right away and using a bank statements loan (have about 8800. monthly income) , but with 9%+ interest rates, it’s beyond my budget.Is there any sort of creative financing ideas possible or private lender possibilities?

Managing it has been exhausting, especially with the tenant issues and LA’s landlord policies.Here are some details about the property:Purchased for $650k, with about $90k spent on renovations.Current Redfin estimate: $1.1M.Mortgage interest rate: 3%.Would selling it “as-is” during the eviction process make sense financially?

Note: I'll caveat: I believe that other factors should be considered when analyzing the market as well (i.e. economic growth/stability, low crime rate, affordability, etc.)

@Jay HinrichsPre-reo was owned by AHP servicing (plenty about them on here), this platform was homes that had yet to be foreclosed on (I think they were reverse mortgages) that they would sell and manage for investors.they would also finance it at 12%+ rates.

Then hopefully we have a 3-4-5 year window to increase rates. 

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

Can Real Estate Really Be Purchased “At A Discount” ?