Big things are in store!!

The new buyer had access to all my reservations, all my statements, etc. from since I had started with AvantStay.

I am only in two syndications and my GP just refinanced us and got 5.7 I think plus 3 mil cash out that is going into further reserves..

Brandon,Check out Indiana & Ohio for states that you can buy 2-3 for that amount of liquid reserves. 

Myself I took some class's but just started selling RE at 18 got my license while going to collage but I made my first sale in 75 and got a 900.00 commission and thought Wow.. my job as a grocery store bagger was paying 2.00 an hour.. 

Such a situation is recoverable if there is enough time for a market recovery and the cash flow is at least break-even (or there is enough reserve cash to cover negative cash flow until it can turn positive). 

If this is your only property or your reserves are limited, holding onto a low-cash-flow property might not be the best move.

New construction (strip centers, grocery stores, roads etc) started booming the last year.

Do you have enough cash reserves for the negative cash flow for a couple of years? 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).