If the deal goes south and you have next to zero money in the deal, selling a short sale or walking isn't as risky for you since you aren't losing much.

You've reached out to the PM after discovering this spend and they still aren't communicating.

We've been doing this since 2019.I know Detroit isn't Ohio, but they're pretty similar.We aren't seeing cash flow in A or B areas today.

Million dollar homes sit here, but there aren't very many houses in Amarillo that were built in 1921.  

Not all areas are bad and some of the areas that are labeled as bad, aren't that bad and provide the best cash flow!

Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

But by building a successful short term rental business on someone else’s property aren’t you giving away the increase in value of the property resulting from your efforts to the property owner?  

You hit on a tough reality.. inheriting tenants who aren’t prepared to pay on time can be one of the biggest curveballs for a landlord.

OR they are investing in areas they think are good, but that usually aren't.

This way, they get the cash they need without selling and without triggering any taxes since loans aren’t considered taxable income.