This helps you identify which factors drive the best returns and make confident, informed decisions.It’s also important to test your numbers with scenarios like higher vacancies, unexpected expenses, interest rate changes, or rent adjustments over the years.

How does landlord protect his interest in such a scenario?

Loan administration is also a consideration although less important in this scenario. 

On the house hack, you can divide common expenses by square footage or bedrooms, whichever is more advantageous. 

With one scenario, I got 5 comps with Propstream, 8 with Batchleads and 11 with Zillow!

Then, run a rental stress test on the new STR assuming a worst-case scenario—like converting it to a long-term rental with a 30% cut in future rents.

My lawyer is saying best case scenario, it will be a walk away with her taking her one “whale” client and me keeping the rest. 

I see no scenario where someone buys this for anywhere near that price. 100% agree.

Maybe it’s just gut feel, but for some reason It FEELS like these two scenarios will provide excellent opportunities moving forward, while fishing for notes to purchase at significant discounts to current principal enough to yield sufficient returns doesn’t seem as promising.  

Hi Lily,I founded First Access Lending to provide Access in scenarios just like this!