Going to Wells Fargo for an investment loan is like going to Dollar General to buy your kids' Christmas presents - not much to offer, it's not what they do.

The red pine stands were Christmas tree size when purchased and require lots of thinning before there’s any return.

I fully expected it to rent for $1300/month post rehab which would have boosted the cash flow, however, being in the dead of winter right after Christmas limited the tenant pool and I decided to bring the rents down to help fill the vacancy rather than try to wait it out another possible 1-2 months. 

James, the project is still ongoing as we hit the Christmas recess and Miami (being a Latin American country) stops working altogether during that time.  

Last year I was signing deals the night before Christmas.

My initial underwriting showed expected cash flow after allocating for all expenses was starting just below $2K.We have had one tenant turnover (not the way below market rent unit, but one of the quite a bit below market rent units).Current rent: $7515 with one unit way below market rent and one significantly below market rent and 2 units near market rent.I also took unfinished existing space and converted it into >400' storage area (added insulation and climate control) that we have used to store items related to our STRs and other items we seldom need/use (like Christmas decorations and Halloween decorations).With a single tenant turnover in 2.25 years and current cash flow after all expense allocations being over $3k/month, this purchase has worked out well for us.

Your in a tough time frame with the holidays coming and court dates get all weird with Christmas and New Years.. in the not to distant future.You could negotiate with her to just plain leave, no court.

Some would say that only applies to institutional types but the reality is that low rates and returns have pushed the instis out beyond trophy properties in core gateway markets (Boston, NYC, DC, LA, San Francisco and Seattle (on a good day people will admit to Seattle).

As part of the Audubon Society's annual Christmas Bird Count, Palacios regularly reports more bird species than anywhere else in the United States.Apparently i can pull census data for the town and get rental vacancy rate to help average http://factfinder.census.gov/ HOUSING OCCUPANCY # % Total housing units 1,976 100 Occupied housing units 1,661 84.1 Vacant housing units 315 15.9 For seasonal, recreational, or occasional use 64 3.2 Homeowner vacancy rate (percent) 2.5 (X) Rental vacancy rate (percent) 6.6 (X) HOUSING TENURE Occupied housing units 1,661 100 Owner-occupied housing units 1,149 69.2 Renter-occupied housing units 512 30.8 Average household size of owner-occupied unit 3.1 (X) Average household size of renter-occupied unit 3.04 (X)You have given me some good things to think about, but i can't identify how they factor into the situation.

(You should see my computer room, I have notebooks, sticky notes, printer paper and flash cards everywhere as I was connecting the dots trying to figure out the perfect plan.What I'm thinking would be the best bet for me, would be to go the FHA/203k route if I could find a reasonable Quad or Tri plex and take one of the units for myself, renting out my current home AND renting out the other 2/3 units of the small multi.It's not a matter of if I could save up the money, I could have 8-10k saved up by christmas if nothing catastrophic happens, it's just a matter of the fact that I have been studying off and on for weeks and itching to pull the trigger.