In markets where affordability and cash flow are tough, focusing on stable, long-term rental markets with strong resident demand can make all the difference.It’s completely understandable to feel cautious after missing opportunities in the past, but real estate has always been about timing and strategy.

@Michael Baum  I primarily invest in Denver metro.

Once a complete loss mitigation application is received, the servicer must review that application before starting the foreclosure process.""

Im primarily interested in fixers and ltr's (single family and multi family.)

Here is the email received"An internal audit has been completed for STR permits and our records indicate that your STR permit was issued in error due to exceeding the maximum 12.5% blockface density.

The building was vacant and completely rundown with the windows all smashed out by the end of the lawsuit.

Earlier in the thread, it appeared to me that some of my underlying reasoning wasn't either being addressed or was told it was just completely wrong (simply from the total response in the thread), kind of throwing me into a state of cognitive dissonance.I am actually completely okay with NOI covering costs.

We had to bring the 1925 house to 2023 code which involved un-installing 26 windows that were already nicely installed (in appearance) in the house, reframing them to 2023 standards (at the time) which also involved strapping the bottom of the wood framing with metal straps (mind you this all after we had already completed the inside renovation).  

The plan was to have the properties completed in 6 months make some money and be on our way to real estate riches.Turns out a lot of the framing was rotten and we had to completely reframe the back of one of the houses.

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build.