If it were $10k-$20k loss I'd probably just chalk it up as a learning experience and sell it, but I just don't know if I can stomach a $40k-$50k loss.

Hey Jon, Depending on the DSCR, property type, and your experience, you may be able to put as low as 15% down on a DSCR loan. 

@Tyler Schmick would love an update on your doorloop experience.

What was your experience like?

I am real estate agent and investor, and have experience in BRRRR.

I only do commercial RE and don't have experience with SFs.

Also, in our experience, 95+% of agents have no clue how to calculate ROI, Cash-on-Cash, Cap Rate, etc., so what are they really going to help an investor with?

Just made up my mind to dump the new Trane from this experience but very confused to choose which one. 

I think the major issue these days is these are  transactions for those with money and experience but with the internet and the Pace Morby's of the world you are going to see a lot of folks with no where near the experience or ability to handle these get into these deals and the train wrecks that will ensue..

It's more private, you don't need a do not disturb note on your door handle for someone not to bother you are 7:43 am on a Sunday.If you want to do well in STR now it's all about the amenities and experience.