The frustrating part was the existing mortgage was with this local bank as well.Kept asking for more documentation stating “we just need this one thing and we will issue commitment letter, tomorrow.”They strung me along for 4 months until they finally said “they weren’t comfortable doing the loan.”Thankfully the new lender I placed it with was agreeable to accepting the appraisal I had already paid for.Refi closed with much better terms in the end.

We currently reside in Boise ID and don't have a network of home care professionals to feel comfortable managing the property from this far away.

You're right in that it's not covid specific or even BRRRR specific, but instead just how much leverage i'm comfortable with. 

I just would not feel comfortable with it....

@Carmen LewisI've done these things in Dayton and all aroundIt's a good time to look for these kinds of of deals.And there is quite sum hungerOn the buyer's side for a land contract or lease option accommodation.Feel free to ask questions or if you feel more comfortable to DM me.

So, what are the steps you will take to sell the home and maximize your investment?

Broker Morris Hall from Maxim Properties LLC How did you add value to the deal?

Are you comfortable with investing outside your local market. 

We're comfortable with staying 3-4 years as we rehab/learn and gain some decent sweat equity.

I would start talking to a bunch of them until you find one or two that you are comfortable with and have deals they can present to you.