Last I heard, they were planning to expand - as far as I can tell they cannot handle their current workload.The tenant can complain about a problem for months before it is fixed.

Just ensure you’ve got a solid plan for reinvestment and aren’t rushing into the next deal too quickly.

What is your plan after rehab.

Quote from @Kris Kempe: Hey BP fam, Have a single family home I got under contract and planned on wholesaling.

If you like help structuring this deal differently to give you more leverage, let me know, I've worked with new investors on game plans and seen others start with 90% LTV on their very first deal.

We're crunching numbers and planning to make purchases this year in the self-storage space.

We are planning on purchasing an STR (probably condo) in the Treasure Island area of St Pete.  

But, sometimes waiting and stacking cash for another opportunity is the best plan. 

Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

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