It would be $1.1m, and according to AirDNA it would run -$40k/yr as an STR, and while local rent rates are high it would still run about -$2500k/m.It is such a cool and unique property I hate to let it go and would love to find a creative use for it that could at least carry itself (approx $6k/m+).

This would allow an investor to scale their portfolio with creative financing.

You have to be creative, then you create equity.

Keep studying and stay creative!

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.

You can also leverage stable income for creative financing and explore BRRRR in markets like Rochester to build equity and cash flow.

If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?

If not, then serve the non-renewal and prepare to turn the unit as efficiently as possible to reduce costs and vacancy.

Preparing for a BRRRR can involve buying distressed properties, rehabbing, renting, refinancing, and repeating.

Anyone investing in real estate needs to be prepared for that.It sounds like this investor was able to make significant progress with this tenant to get caught up.