Normally, we would say no and wait until the end of the lease but due to the situation and hardships we would inspect for pets and pet damages.

Meaning if you pay the loan back you can't turn around and borrow $50K again right away, you have to wait a year. 

The PM in my mind has the right to lay out the facts as they exist..

Don’t wait 1.5 years.Overall Strategy:Prioritize selling the San Diego condo.

Waiting until you get a deal under contract to then see if you can put together the debt and equity is a recipe for disaster.

I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

So just waiting.

You can stop, regroup, wait on your DSCR to improve....or you can keep going by using another tool in the old tool belt.

A primary residence will most often provide more favorable loan terms so if you are willing to wait one year while you living in your new property and are comfortable with renting out your primary residence to a tenant, then getting something such as an FHA loan is a good strategy to minimize your upfront costs and hopefully get better loan terms.