Benton St property due to its desirable location and the opportunity to significantly increase value with strategic renovations.

I can't speak to the condo conversion process in your municipality this is something to weigh as well.

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

If it were to go to foreclosure would it go for $180k?

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I’m curious, what’s been the biggest hurdle for you when it comes to securing funding for your real estate projects?

Happy to have a conversation as a lot of my clients are international investors in the US.

@Jason MatthewsHi Jason, Welcome to the community. 

Most sellers are going to want 20-25% down as it’s going to cost them 10% to sell.

Which will also depend on the neighborhood.You want to, "rehab/maintain to the Neighborhood".Most investors go overboard on their first rehab and waste a decent amount of money.