Happy ending, we brought the STR to market in time for the spring season.

To be honest with you, in time any property in DC will be very valuable.

For those of us who didn't make it in time to register for the party Sunday evening- lets get a group together and form a networking/happy hour gathering of our own instead of wasting an entire evening. 

I would definitely talk to other lenders, in my experience I've been pleasantly surprised by how different lenders are.

In times like this, you need to analyze what your exit strategy will be for any given deal and then run stress tests on it to see what you could handle in the event things got worse.

This is from 2017- prices are at least %10 more nowDESCRIPTIONESTIMATEAdd 3%Adjusted3655 Pleasant View Apartments 12% BUILDING PERMITS$56,000.00$6,720.00$62,720.00ELECTRICAL DEVELOPMENT$3,700.00$444.00$4,144.00UTILITIES/TEMP POLE$5,000.00$600.00$5,600.00EXCAVATION$350,000.00$42,000.00$392,000.00RETAINING WALLS $0.00$0.00CONCRETE PUMP $1,500.00$180.00$1,680.00CONCRETE$10,000.00$1,200.00$11,200.00FOUNDATION/CONCRETE-LABOR$16,100.00$1,932.00$18,032.00CONCRETE CUTTING$500.00$60.00$560.00TESTING/CONSTRUCTION STAKING $0.00$0.00ASPHALT$40,000.00$4,800.00$44,800.00CONCRETE FLAT WORK$14,000.00$1,680.00$15,680.00FRAMING LABOR$80,000.00$9,600.00$89,600.00ROOF TRUSSES$15,000.00$1,800.00$16,800.00BUILDING MATERIALS$150,000.00$18,000.00$168,000.00WINDOWS & SKYLIGHTS$14,000.00$1,680.00$15,680.00EXTERIOR DOORS$24,677.83$2,961.34$27,639.17ROOF COVER$17,000.00$2,040.00$19,040.00STAIRS$40,000.00$4,800.00$44,800.00SIDING LABOR$44,000.00$5,280.00$49,280.00GARAGE DOOR $0.00$0.00GUTTERS$3,200.00$384.00$3,584.00PLUMBING$60,000.00$7,200.00$67,200.00FIRE $50,000.00$6,000.00$56,000.00HEATING$15,000.00$1,800.00$16,800.00AIR CONDITIONING$25,000.00$3,000.00$28,000.00ELECTRICAL$110,000.00$13,200.00$123,200.00MASONRY $0.00$0.00INSULATION$20,849.00$2,501.88$23,350.88SHEET ROCK$85,000.00$10,200.00$95,200.00INTERIOR TRIM$22,000.00$2,640.00$24,640.00TRIM LABOR$20,000.00$2,400.00$22,400.00CLOSETS$4,000.00$480.00$4,480.00FINISH HARDWARE$9,000.00$1,080.00$10,080.00UNDERLAY LABOR$14,151.00$1,698.12$15,849.12CABINETS $34,000.00$4,080.00$38,080.00COUNTERTOPS$20,000.00$2,400.00$22,400.00BLINDS$2,000.00$240.00$2,240.00TILE $0.00$0.00TILE LABOR $0.00$0.00MAIL BOXES$2,500.00$300.00$2,800.00PAINTING$41,000.00$4,920.00$45,920.00CARPET$9,258.00$1,110.96$10,368.96HARDWOOD FLOORS$22,000.00$2,640.00$24,640.00KITCHEN APPLIANCES$48,616.60$5,833.99$54,450.59LIGHTS$8,500.00$1,020.00$9,520.00MIRRORS$3,000.00$360.00$3,360.00FINAL CLEANING$4,000.00$480.00$4,480.00PICK UP.

We have upgraded our portfolio from C class to B+/- properties and we have been pleasantly surprised with our collected rents staying the same.

I was pleasantly surprised at how well they have taken care of the place.

Didn't get back in time to add the links:Here's the problemNote too that Experian, Equifax and Transunion have announced that they will discontinue reporting the majority of civil record judgments (which includes eviction judgments) beginning mid-2017 as part of their National Consumer Assistance Plan.What to do?!

Now, I want to preface with everyone was very pleasant.