I've been doing revenue management for over 10 years now (hotels and STRs).

So just do bank statement loan if your monthly 'revenue' can support it. 

@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family. 

Were revenues as high as you expected them to be?

Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.

Even if they fail they can redirect some of their syndication course  revenues, right? 

They do not take into consideration the revenue from the STR business as part of the selling price.So if comps say the duplex is worth 500k, then it is worth 500k.

Their explanation: "The overall theme for 2023 is that unexpected roadblocks and delays throughout 2022 put us behind our originally targeted timelines for infill (occupancy increases) impacting how quickly we could increase revenue."   

From my experience you should expect a 10% to 15% of gross revenue for repairs/maintenance. 

Revenue stream.