Get to know the area you want to invest in based on your target market (to be determined by you) What will that amount of money get you down payment wise and if it fits the niche you have decided is right for you.

That is a very saturated market for STR so I do think it makes sense that 1/3 is underperforming, but based on taking a loss now, I would probably stay tight and keep going because you have the set up in the area.

And if not you know them well, maybe your kids play together etc.

If you tour the property and it looks like a good investment, then I would move forward with an offer that included a discount price based on the cost of eviction.

I think we could all agree there are basically three answers:A) Stay the course - keep adding 10 bps for each year held based on stabilized market cap rateB) Take a little risk - use the current market stabilized cap as the exit cap tooC) Throw caution to the wind - use a cap rate that is less than the current market cap (*If you pick this answer what method are you using to predict a cap rate)Which answer would you pick and why?

Just search up "depreciation" in the knowledge base to learn more. 

I'm wondering if I should consider denying the application based on several criteria such as their credit score not meeting the minimum required and previous delinquent bills showing up on their credit report.

This one is at least willing to pay up front; however, I am concerned about bed bugs being brought in and the dog issue.What would you do based on their willingness to pay up front?

Hi @Rodney Swindle,To answer your first question, appreciation is based on how people value the property.

My friend has advised me to get gap funding for the down payment but Im unsure how that plays into the hard money lender?