As a result, we refunded the remaining two nights @ $200 per night, and the water heater wasn’t replaced in time for the next guest, so another approximately $1000 was lost, as that guest had to be moved to another property.  

If you price the deal based on the current rent roll, you will not be remotely competitive in your offer, since many other investors will price it on $1,600/mo, with a small discount to account for the remaining term of the existing leases.On expenses, as noted, what seller pays is likely very different than what you will pay.  

Vigilance is key to protecting your financial well-being.In conclusion, while fintech innovations can enhance our banking experiences, it's crucial to remain vigilant and discerning.

For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

Is there anyway to use the remaining 40% on the following year? 

I'm looking for a lender that will move forward in financing the remaining 70-80%, in 1st position, alongside a seller 2nd of 20-30%, totaling 100% CLTV.

After the must-pay items are handled, then I will apply remaining funds towards rent, late fees, etc.

low cashflow high appreciationNotes purchased in the secondary market at discount to remaining principal balance have the built in capital gain profit with potential for greater ROI thru early payoff or early PARTIAL paydown.  

Were super happy we didnt panic and remained calm. 

to the contrary, you could argue that buying turnkey is "dead" right now because prices remain high and cash flow remains hardly possible - the only solution people are finding right now seems to be BRRRR (outside of getting great, overlooked deals)