Wondering what we can do here to get past this.

However, if I copy and paste directly from your property manager for Ryan's Pond quads, the asking rents for vacant units currently are:"We have a total of 8 other units at Sweetbay.3 are at $12992 are at $12442 are at $ 1314"On average, that is at $1285 per unit. 

I never make a loan, no matter the equity position, that the past actions of the borrowers lead me to wonder if they will be likely to pay me back. 

Nobody likes to work hard in the heat.The biggest concern in the past has been winter, but 2024 was the warmest year on record and we have seen +3F on average in every season, which really took the edge of winter (you can call it brown grass season now) while summers are pleasant 75-85F.The cost of living is low, yet the quality of live is relatively high.

I launched an STR this past June in Cleveland, Ohio.

For the past 4 years I've been focused full-time on the niche of pre-existing non-conforming land parcels and/or land that is considered undevelopable.Basically, I focus on rehabbing lots instead of rehabbing houses and I have virtually no competition up here in the New England Area.Is anyone else here doing this?  

I do long-term room rentals (min 1 month lease).

There has been a ton of new construction for housing the past 4 years and that’s why vacancy rates are 10-12% and rental rates have dropped the past couple of years. 

@Michael Kussin I've been a developer nationwide for the past 17 years.

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.