The couple is divorced. both names on the mortgage. went to auction for foreclosure now. some equity for the owner probably still in property. existing/defaulting FHA loan at a low rate. 

However,  there are many variables that come into play: location, low rents, Cap X costs, etc.

Our biggest issue is lack of affordable housing and lack of inventory in general, which of course creates strong demand/ low vacancy and high rent and price appreciation. 

Remarkably, despite these ongoing shifts, delinquency rates remain low on a relative basis when compared to the office, retail, and hospitality sectors.Although factors such as declining household formations, rising supply deliveries, and weakening demand may present temporary obstacles, the sector has successfully emerged from similar challenges in the past.

they claim they pay 105/month insurance. this seems pretty low, granted its in the ballpark of what i pay on my own 1100 sq ft house, but i just feel like a 4 plex would be higher?

However, the limited new retail construction and historically low availability rates should help limit any potential surge in vacancy rates in the event of a demand pullbackHere are several graphs illustrating the current national commercial retail market in The United States of America:Full Commercial Retail Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189858/United_States-Retail-Capital_National-2024-03-10_a.pdf

I think conversion is low because most people are looking for a weekend stay in July/August, but we have a 7-night minimum stay in July/August, so they bounce off our listing page (just a guess). 

I’m working with a property manager who says they never use dehumidifiers for the high maintenance but shouldn’t I be worried about mold in the basement?

I feel they've set low standards.

I was hoping to find another 100% commission brokerage to keep costs low.