It sounds like it's not in a very desirable area, based on the price and rents.

It’s always an honor to contribute to such an incredible platform that empowers investors to build wealth and take control of their financial futures. 

Amazing how many people want to house hack and then find out the should have roommates and the idea of being an investor ends.

A lot of this process depends on your laws regarding STR and Mid term leases/occupancy?

You can determine what a decent salary would be for someone in your market and then reverse-engineer to see if what you're paying as a salary, plus the projected performance commission, will get you there.

Start now - call them and tell them you want to short sell.

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs.Key point is "Lowest" rate does not mean the cheapest rate  I have worked in traditional community banking for over 7 years.

I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!

Otherwise you could be wasting your time.I have clients from CA and NY do exchanges in GA and other states.