Someone trying to earn 4-5% return they could get from a bank cd?

When you have both, it's very hard to quit and when you find it hard to quit-- it's likely you won't fail. 

Much of my career was focused on REO properties, during which I ran a parallel small business that handled property inspections and performed BPOs for banks.

The banks have been encouraged by the fed to work deals out with borrowers and I think that will continue to happen.

Apparently this is not offered by most major banks.

We used an REO broker to find bulk packages of foreclosed distressed houses for sale from banks.

You may have to put more money down (10-15%), but you can close, in a LLC, with no worries about banks.

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

@Rick ImI have an expense account called "Failed Real Estate Escrow Expenses " (in QuickBooks) for my flipping business and bookkeeping clients.

During the month of November, 4 units, pretty much all my problem tenants, picked up in the middle of their lease terms and vacated after failing to pay November rent.