Even with the balloon, this is more typical for owner finance. 

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.

. - Production: Typically STR production on the Oregon Coast is +/- 10% of valuation.

A sophisticated investor will also typically ask for the entire claimed track record and then run it through the wringer.

Typically people charging for that service are doing it because they need the money...if you catch my drift. 

So while that’s a great asset you pay more for it typically.

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

You typically need up to two years of stable employment before a bank will loan to you.

The equity gap can definitely be a challenge but there are still deals out there - typically with homes that were purchased in early 2022. 

Typically it’s a secondary use meaning the land must have a primary use (like a home on it).