Just wanted an outside perspective. 

Ben,First from a Bankers point of view you are over extended from an LOC perspective and its hurting your DTI and future approvals. 

Great perspective—turning this into an opportunity to stabilize the property and add value is key.

But that's not why it's on fire.Here is how I get my perspective:  I was a firefighter in CA for about a decade in my former life. 

Here’s some perspective:1% Rule: Meeting the 1% rule is a good sign, especially with many markets struggling to hit this benchmark.Cash-on-Cash (COC) Return: 8.73% is decent, especially with today’s higher interest rates.

Let me break this down for you from a lender’s perspective:1.

I have several out of state and am currently seeing Charlotte, NC (where I now live full time) taking off from a long term growth perspective and fitting your metrics.

And don’t be afraid to chat with leasing agents in Brickell-they can give you a boots-on-the-ground perspective on rental demand.Natalie, your story reminds me of a friend of mine, Alex, who house-hacked a two-bedroom condo in Phoenix.

From a peer to peer (not an LP) perspective I think he's pretty darn awesome!

I appreciate the perspective.