Also I have seen a few listed due to divorce....I wonder how the STR strained their marriage.

Insurance costs are☝️, coverage is👇, yet profits are ☝️Insurance companies are “tightening the screws… on coverage to limit their expenses,” such as limiting payments for older roofs to their current value, rather than their replacement cost, according to S&P Analyst Tim Tim Zawacki.

However, many lenders and insurance companies are tightening restrictions and premiums for these types of properties.

Lenders are always doing this and are doing it a lot right now as lending tightens and reserves are being bolstered for what many think is going to be a real estate recession. 

Once a month may be difficult for some borrowers and lead to strain on advancing the project.

My due diligence process was certainly tightened up after that deal and analyzing properties and understanding what things will cost is now 2nd nature to me. 

Since the assumable financing and seller carry combined could put a strain on your monthly expenses, it’s important to model different scenarios for vacancy, maintenance, and management costs.

We get very few cancellations now that we are using their cc processing and have tightened the rules.

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

Additionally, how are you navigating the refinance stage, with lenders tightening up are you still Able to generate your desired profit by refi?