Yes, they will account for 75% of the existing or projected rents, whichever is lower.3.

It's the easiest way to try being a landlord without dealing with tricky renovation projects.

Good relationship with local wholesaler who needed capital to take down the project How did you find this deal and how did you negotiate it?

When I took the early withdrawal of about $200k (about $130k after taxes and fees), the purchase projected to cash flowed $20k/yr at COE, and had a baked in value of an additional $100k above the asking price at COE.

If the overall quantity of commissions is projected to be reduced by 25%+, the most logical place for brokers to save is to renegotiate or locate a better house split.

There are several reasons for that including but not limited to, landlord friendliness, lower prices, population growth projection, positive job growth rates, lower crime rates, 1% rule, to name a few.

Also, it is true that most of them specialize in 'normal' real estate and that investing opportunities are more by word of mouth or again via these local agencies with experience in specifically doing that (you need to know them by having done other projects in most of the cases).Saw your message, let's continue over there 👍

In summary, if your goals are still similar to what they were when you bought, the location has potential, better vetting of tenants will avoid evictions, etc. it would make sense to keep the property and see if it can live up to the potential you expected when you bought it.If you think you had false expectations or don't see a probability of recovery, I would also do the renovation and then sell.

There should definitely be options for you using DSCR which many lenders will count your STR income either based on projection or your rent roll.Also, check local banks instead of brokers.  

Additionally, ensure that you're well-versed in local market conditions, property values, and renovation costs to accurately assess potential deals.