Long term hold, with buyer planning on carrying existing financing to term without the ability to quickly cure default — terrible strategy with huge risk for both parties.   

There are also strategies we can cover that help you obtain more doors with less money out of pocket, so let me know and we are happy to help!

As of right now we are establishing relationships with Brokers, had done some pre marketing for our investors to fund EMD and DD.

I transitioned out of existing inventory and things like worse markets there wasn't enough capital drivers or growth to make the numbers work. 

The plumber insists that this is definitely a city issue, but I’d like to hear from others who have dealt with similar situations.Would the city reimburse or help cover part of the expenses for the secondary cleanout?

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

You are LOSING money because you didn't even raise rents to cover those increases!

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer.

To help expedite the rental unit approval/inspection, you can also talk with your local housing provider that runs the Sec 8 program what basic items they look for and make sure you have those covered.