I don't have a problem finding deals, and have had good returns on my first property and I think that will lead to referrals down the line but I am trying to scale at a faster pace. 

I understand the concept, I own some REIT, but I wanted to tap into more hands on investing, and perhaps build wealth faster as BRRRR allows for that using 75% loan to value options, etc. 

This property will require about 45% down to hit the 1.25 DSCR that is the median requirement for a commercial real estate loan.If you want to be at that price point with that much for the downstroke, you need to be looking at higher risk properties with a higher cap rate.

Especially as that 2nd should be at 8-10-12% interest?

Another option could be to sell and put that into something appreciating faster and maybe a bit closer to where you live. 

This day will come a lot faster than you thinkLook at potential and think long term.

In addition, the property tax rate is reasonable but the valuation was going up faster than the ADR then the hurricanes hit and values fell.  

When we last spoke he mentioned he had covid and his phone has been shut off, but he was planning to be at the house the next weekend with rent and all the late fees ready to go.

These first two points usually break even faster than when you buy your rate down more than 2 points.

I'm not trying to beat you up, but you are throwing thousands of dollars away trying to self-manage this remotely.