When including maintenance/cap ex, vacancy, pm, misc he will have little, and possibly negative, cash flow.if he invested almost $250k to add less than $150k of value (assume some of the current value came from the home appreciation), there is no cash flow until the initial negative equity position is recovered.  

Looking for a current discount code for Pro Membership 

I am currently in the Process of renovating my primary home.

if the note is currently in default and we can buy at at least a small discount, we may be able to restructure the note with no monthly payments - we would get paid all interest at closing when the property sells.  

Did the COVID bubble alter this generalization for the current market conditions?  

If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.

I currently STR the two units with a plan to only STR one of them once I build the extra unit. 

@Tiamo Wright Currently using the new app.

There were people in PA who got hosed because of some contract for deeds from harbour back in the day where I believe the current holder had to go back and reamortize the loan and some of them were paid off or close to it when the buyer thought there was still a good amount of UPB left.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.