For those who invest here, it has been tough sledding since 2023, and much more challenging since the onset of 2024.   

It is challenging to build an underwriting box for something that fell outside an underwriting box.

Hey BP,
I’m looking at buying in St. Pete area  after the recent hurricane and was hoping to get some real, boots-on-the-ground insight. How’s the demand looking down there right now? What about insurance—has it be...

•What challenges have you faced with existing platforms?

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

Challenge is where is their motivation to properly screen applicants and get rid of nonpayers?

The location hasn't had a lot of demand which has made it challenging for him to find an end buyer. 

@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.

While living with tenants can pose challenges like privacy concerns and tenant relations, clear boundaries, professional management, and proper tenant screening will help you succeed.