No lender will touch the property for enough for a Wrap Note to cover the underlying note.We and our investors, continue to buy using Subject To, but we allocate reserves as a mandatory requirement.

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

@V.G Jason I didn't think you would continue to comment on this post, but since you did, I consider it fair game. 

I would continue with the STR in NJ.

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

The main reason for this is to continue to do medical missions around the world  even when I'm dead.

Although there are advantages to waiting too, such as if interest rates continue to drop.

I think as people are able to choose to work places that have better weather places like Cleavland will continue to decline.

There are no write-offs for decpreciation, no continuous rent payments and so on.I appreciate your reply. 

The new buyer brought a new down payment that made me whole and then some, and despite the original buyer falling behind, I continued making the underlying payment on the mortgage with reserves from his original down payment.