That is a smart idea to prevent anything negatively happening with your loan. 

This prevents them from reducing rent, signing new 5-year leases on tenants you didn't want to keep, or other shenanigans.4.

However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.

High interest rates are preventing existing homeowners from selling, so Buyers are turning to new construction homes.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Next time, consider implementing a RUBS system to prevent this issue from happening again.

At least I know it's sitting on their credit report and preventing them from harming someone else.

Moderate rent bump this year has prevented it from going down any further.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M. 

I'm looking for ideas on how to handle a potential bust cycle and prevent it from blocking my progress towards acquiring a second property.

You will have essentially ruined their lives and prevented them from ever doing this again to another innocent Landlord.