@Christian Weber If you don't have other consumer debt or car payments I'd seriously consider the cash-out ReFi.

While I get a LOT of responses, most dont meet my rental qualifications and it can be very time consuming to weed through all the messages. 

Now you just need to focus on education, networking and taking action.

If you ever have any questions, the community is great at provide actionable feedback.Joe

I've done LTRs and now have 2 STRs and this is waaaay more profitable and although the hands-on nature of it can be time consuming, I'd say that over the course of a year you actually spend less time/money because you have your eyes and hands on the property a couple times a week.

Contact an attorney to see what your best line of action is.

Normally you lose the deposit and that’s about it…At the same time, I think taking action is a good thing.

I’m definitely taking action on this.

If the Tenant isn't paying, but is willing to work within the COVID guidelines for aid, you should be able to receive funds from the relief.If COVID is NOT their excuse (whether legitimate, or not), then go ahead and file eviction action. 

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥