Hi,In light of all the craziness due to Covid and rent moratorium, I was wondering what the percentage of rents collected are these days compared to pre COVID. 

I have about $250K in equity and the rent is a wash compared to my obligation. 

But its secluded in the mountains and the chance of finding a renter is lower as compared to finding a renter in the city(Santa Clara).

A quad is appraised based on comparative market analysis so any implied Cap Rate is meaningless.  

If they won't compare what you'd lose backing out versus what you'd gain failing forward and finding a contractor for the surprise rehab.

Banks are sensitive to interest rate movements and will most likely require 'resetting' after a certain period.Also, prepayment penalties are common for commercial mortgages. 

How does this compare to the money that will be invested in the project?  

Thank you.Very different markets....The trick in Frisco now is rents are low compared to home prices....they'll move up, they have moved up, but not as fast as home prices so your returns probably will be very low in Frisco. 

When it comes to Berea there are pretty high taxes compared to it's neighbors.

So comparing it to say Box Elder, which is next to Ellsworth AFB in South Dakota, does not measure up.