These LOCs are typically interest only and adjustable rate, which of course is planned for, again with the equity and the cash flow of the investment, it shouldnt be a problem to at the very least break even, even in the worst of scenarios.

In addition, I have never seen Provo show up on any booming investment cities list but of course that is just one resource and not the end all be all. 

I think Peter covered the best course of action.

Heck, there are even lenders that will NO DSCR, meaning they dont care what the income of the property is and they'll still fund the loan (at a lower LTV and higher interest rate of course). 

Yeah of course!

And of course, they can't find a deal that pencils.Nothing is absolute, there are deals everywhere still if you keep digging.

I did hundreds of them .. then the crash happened and well things in the BRRR world stalled and then of course the new buy and BP coined the term like it was something new.. but its old old school for sure. 

Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

LoL, they were all wiped out of course.