They want to minimize losses and risks with loans as much as possible.

Can you absorb the loss of revenue while that occurs?

Good luck getting "loss of rent" coverage to actually pay out....

We have a high credit/insurance score and a zero loss history.

They are such a pain at the end of the year lol.Do you guy calculate supplemental property taxes into your flips profit and loss for exact number or do you say "f it" because you know your gonna make a decent profit, and just pay it when it comes. 

@Kevin GrayI applied for the loan, because when I spoke with the SBA office originally to get some general info, they said when I was estimating losses, I needed to look at it over the course of a year (since they also request revenue and expenses for the past year).

My partner makes $10,000 a day in two hours and never ends the day with a loss. 

Our STRs are in Michigan, which is also a drive-to market and our bookings recovered significantly once the rental restrictions were lifted due to Covid-19. 

There was a 20% dip in revenue initially but that has recovered immediately.

The different line items seem to be; contents, loss of use, personal liability and medical payments to others.