It’s a straightforward process that offers benefits to both buyers and sellers.

My tenants, who have been in the property for close to three years, have become totally unresponsive. They pay their rent on time, but have not responded to any emails since October. I understand I cannot legally requ...

Quote from @Chris Kay: @Jake Baker Thanks, that's helpful!

There will be less buyers to compete with => better price for you!

you said "rent covers mortgage." you need it to be significantly higher than the mortgage to cover all the expenses you are going to incur.hope this helps...

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

I know when I was an active Broker my SOP  was get listing open escrow with buyer to be determined and order the preliminary title report prior to spending money on marketing someones property..

In December 2024, 67.9% of homes sold below the asking price, indicating potential opportunities for buyers to negotiate.

;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

So, Benjamin, if you're American I would give that some thought.Below is a link to a forum thread in which I outlined why, you can read if it'd be helpful.