Also, many of the multifamily listings that are a "good deal" will not appraise with a VA loan due to the limitations on a million items like FHA.I would first start with talking with a lender and getting the pre-approval knocked out.

We have had the beds installed for about 4 years now and the reviews are great.

This means that many hospitality properties need to refinance their debt at significantly higher rates in an environment where local and regional lenders have been pulling back.In this podcast with CEO Greg Friedman of Peachtree Group, a private debt and hospitality private equity firm, he states that many hotel projects got shelved during the pandemic and that is bringing on an undersupply situation for hotel properties. 

We had not talked about it during the LOI negotiations, the issue popped up during the draft lease review process.

Started work with a family member who did not complete itHired new contractor Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am used to cash and carry only@Robert Sorrels  - it sounds like the lender is owed $146k.

New home builders are offering great rates with their lenders and paying closing costs, with a VA loan you can put 0% down, its insane.

If you end up getting a Property Management company, they will typically have a lease (would still be a good idea to take their lease to your attorney for review)As for property management, hiring a company can make things a lot easier, especially if you’re managing from out of state.

@Amanda Bahil our lease states that we are not responsible for payments lost in the mail or stolen - specifically to cover events like this.Because of events like this, we also charge tenants a $10 Processing Fee if they send us rent via mail - to encourage them to pay electronically or deposit directly in our business bank account.Unlike the comments of others, we see this as 100% the tenant's problem, though not their fault.How do you think a lender for a mortgage or car payment would treat this?

I was able to speak with another investor that used them and gave them a good review.