The Renaissance Hotel in Austin just sold for 70 mil which is a 30 mil haircut as they were asking for 100 mil.

I would really look into finding a way to keep it under its retirement cloak to avoid the 40% haircut.

I'm sure plenty of PMs would disagree, but never ask a barber if you need a haircut.

Direct STR Lender that has no leverage haircut for underwriting with Air DNA projections, and thus can underwrite STRs in any scenario (regardless if there is existing STR booking history or not). 

@Andres RodriguezTypically the syndication will not allow it and you need their permission especially if it’s a reg d, as if not they only have your paperwork so buyer will never get the money returnedIf it’s pre approved by sponsor - depending on how the deal is going expect to take a significant haircut of 20-30% I would first ask sponsor if you have a hardship and can get a return of capital

The partner who wants to get brought out should take a small haircut on their percentage.It looks like there is little to no equity growth for the partnership.It looks like you both brought a property for $114,000($57,000 X 2) that is now worth $130,000.If you sell the property right now, the cost to sell would prolly be around $10,000 if you factor in realtor commissions, transfer taxes, etc.

. :)Was getting my haircut before all this COVID crap...Hairdresser is making conversation, asks what I do. 

Your rents for that size off season $77 daily Property taxes annual $2450 insurance HO6 contents $1200 year HOA fee say $300$1390 is your nut PITI + 300=             $1690 @Ken Boone 1.3% tax of sales price is the factor to use plus HO6 insurance If you are 100% occupied every day 77 X 30 = $2310No profit there by the time you pay: commissions, repairs, vacancy, 25% haircut = negative numberHOA can ban STR and costs always rise

Sure, it's not the goal to sell at the bottom... but if for some odd reason you had to you're taking a much smaller haircut. 

You could do this now with the tenant in place, and I know investors who have been willing to take on the challenge of buying a property with an upcoming eviction in mind, but you'll probably take a significant haircut on price.