Do you think this issue is specific to banking services or what do you think is the root cause?

Team of people watching notifications and contacting guests and if necessary going out to property to address issues.

I know conventional lending could become an issue depending on the condition of the property.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You say 2023 was the issue.

How can I correct cashflow issues if I have 3 properties?

They may also be able to temporarily relocate your tenant to avoid any other issues.

PenFed no longer does HELOC or related products for NOO LLC properties. 

Tornado, wind, hail, flooding if in a low spot, general weather related.

@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio.