We the unknowing, lead by the incompetent, attempt to accomplish the impossible with nothing but determination.

Be sure to weigh the pros and cons, and consult with your lender or financial advisor to determine if recasting aligns with your financial goals.

DSCR loans don't require all of those things - your FICO and the income from the property are the main determining factors.

Then you can determine whether or not to hang on to that one or seek something somewhere else.Even the decision to move into other asset classes like equities or whatever will need you to factor in the loss of investing capital in the form of capital gains tax (plus 5 years of depreciation recapture). 

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage. 

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

Quote from @Benjamin Ying: @Michael Smythe I'm new here, how do you determine property class if you're looking on Zillow?

I'm very good at running comps and determining rehab costs.

I could quickly determine if I wanted to offer a discount or not.What I don't like is Pricelabs can swing pricing for certain nights by over $200 overnight.