However, rent to ARV ratio was less than 1% which I should have realized altered the BRRRR significantly.

And I would hope any skills I learn, whether in commercial or in the SFR/multi-family realm, can translate into each other.I'm very impressed (and a bit intimidated) by your history and and work with Colliers International! 

How that translates to BRRRRs- buying the distressed properties, I don't know.

DSCR lenders will not alter their guidelines or give exceptions on short term rental guidelines. 

This one slides neatly into the DSCR box with just a little alteration to their expectations about personal guarantees.All the bestStephanie 

This translates into lower gross revenue and kicks off a downward spiral that is tough to stop without an injection of cash equity.

From the above, 35k in profit and rehab which may translate to 25k profit and 10k rehab, the second scenario makes more sense.

Keep up the incredible passion, Jody, it will translate into profits!!

The permit should read something like this"INTERIOR ALTERATIONS TO 2 DWELLING UNITS PER PLANS NEW ELECTRIC, PLUMBING, TWO NEW FURNACES."

. :)Whether the methodology is sound or flawed it's always interesting to see how various data points and ways to use them translate to REI performance prognostications.