This left the remaining roommate in a difficult situation, and he is now trying to find a new roommate.I have informed both tenants that they are equally bound to the 12-month lease agreement and that rent must be paid in full, regardless of one tenant moving out.

The most successful loans are those that do not procrastinate and get the appraisers In ASAP so you can get over any unexpected bump in the underwriting process.

https://retipster.com/164-arturo-paturzo/Your situation reminds me of this podcast.  

The sellers you will be talking to will typically be in a bad situation which is causing them to have to sell their house, and at a big discount.

I feel like my agent really downplayed the situation.

Similar situation where I was forced to update while it was occupied.However I know once I have to update the entire unit, I’ll be spending quite a bit as the kitchen is outdated and the place needs paint and either new LVP put down or sand and stain the existing hardwood. 

The only thing it’s difficult for is if you have multiple loans on the property.

For a better estimation, find a business broker in your area.For the loan options, speak with your banker and try to get involved in local real estate groups.

This means sizeable monthly payments, but if utilizing with Value Add you can pay off the loan without a pre payment penalty at any time.Hope this helps!

@David Matarazzo  Did either of you move forward with them for property loans?