For a bathroom or kitchen type remodel scope I will side with you, 1/3 wouldn't present any red flags but not for a more substantial renovation scope and certainly not as a general rule of thumb for all construction projects.

The borrower was overqualified and based on compensating factors we presented a local credit union financed it with 25% down in 30 days.

When you're presenting past deals to your lenders, how do you decide which deals to highlight, especially in terms of property type or strategy?

In other words, the safety risk must be present for all 30 of those days to justify eviction.

She'll be presenting a variety of topics and open discussion, with the goal being "Make your STR stand out in a competitive market".What additional topics or specific questions should we be sure to answer that you wish you knew when you started buying STR's? 

Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).

You are reaching drastically less people than if you had it listed with an agent who knows multifamily and how to present it.

However, most new investors make a much lower return and could be upside-down for a long time.Cashing out equity to invest presented much less risk when mortgage rates were 3% and properties were producing better returns.For a green investor, borrowing money so you can borrow money is high-risk.

I'm sure Detroit isn't unique in this, but managing without being present requires you to rely on others. 

For cash buyers, this deal presents a more viable opportunity.If you can overcome the gross weather, look deeper in this market.