This will not only protect your personal assets from any potential renter who is looking to sue, but it also will vastly help the underwriters track income when looking to get approved for future loans.

I understand that the short-term might be challenging, but I’m encouraged by the long-term potential.

The estoppel is a form filled out by the tenant, then confirmed by the Landlord, and then accepted by the Buyer.

I imagine you will lose a lot of potential booking without one and it seems from the comments above that any negatives can be mitigated.

I do not anticipate a complete gut job and rewire, but there is some potential existing above only one unit.

@Natalie Schanne do you include potential tax savings when calculating ROI on a prospective property? 

.* Assess what rehab work needs to be done and assess the potential rehab costs.

They should definitely be able to give you the contact information for lenders actively loaning in the area.Now that you have 3-5 potential lenders it's time to work the phone and call them. 

Positioning for buyers to come back to the market.  

It has been on the market for about 45 days and has received modest interest from buyers.