Here my thoughts: the deal is very decent on numbers, considering the land is free.  

You won't find anything worth while in this area that's listed you'll need to connect with wholesalers to find off market deals or do marketing to find them yourself.

But if you start doing some research you'll see there's a ton happening under the surface.Price points are still quite low and you can still find solid cash flowing deals if you know what you're doing. 

I have experience in MF acquisitions and I'm looking to add value to a team that has already closed at least One 40+ unit deal.

They are not going to have DSCR options or LLC options or have any imagination on how to get a deal done that is not right down the middle.

You can see ratings and reviews from other BP investors, plus their experience, deals, and more.There is also a Team Builder tool!

Now I need to figure out how to deal with this loan.Is it better to sell before they start new foreclosure process or just refinance it? 

I'll throw it out there as an option, knowing that no one is really going to take it.Your proposed transaction is low leverage, so very good terms should be available, but FDRs New Deal in the 1930s (which created the kid-friendly home loan ecosystem -- home loans commonly had 10 year balloon payments before that, even if you put 50% down) was only for homes, not for CRE.

Purchase price: $290,000 Cash invested: $45,000 Short Term Rental (Airbnb) What made you interested in investing in this type of deal?

I lived there 7 months while updating, then moved out so it’s now a rental What made you interested in investing in this type of deal?