This is not an STR nightmare....this is real estate.I had a tenant die of an overdose in a long term rental.

If you are refinancing into a long term 30 year fixed DSCR loan, lenders will require a minimum credit of 620 to be eligible to obtain financing.

Hey guysI started to do section 8 and i have a question lately i feel section 8 no paying according to the table sheet they have online in government website, they having appraiser do comps and paying as regular long term rental maybe a bit more but not tremendously. i called them , emailed and all but that is their strategy now , so i asked why they put wrong info on website, seems like they want to lure Landlords lol ..for example https://dhantx.com/wp-content/uploads/2024/01/FY24-Payment-S...You can see zip code 76227 with 5 bedroom showing $4921 (less bills $500) so its $4221.but actually people getting $2800-3000 how come it is ?

It's a business with incredible value in terms of stable, predictable revenue and as a retirement asset. 

I would love to make this a medium term rental if you have ideas . . .

I'm interested in long-term real estate, house hacking, and BRRRR. 

Do you seriously see this as a long term situation???

I’m now scrambling to get 7 long term rental properties insured because of their gross incompetence.

And what I am personally seeing the Market place today.Commercial bank/ community bank were you have significant deposit relationship and long term relation ship..   7 to 10% plus 1/2 to 1.5 points.. these are relationship and experience and capacity lenders..

Here are the terms: Purchase Price: 255,500Loan Value: 229,950Sellers Credit: 15,000Down Payment: 25,550 (10%)Debt Payoff: ~22,000Interest Rate 8.12%This high debt payoff has doubled since I initially started this process (at first it was 10K) and lender is telling me it's due to the interest rate increases.