Increasingly Non-QM or non-conventional lenders (not Wells Fargo or Citi/Chase) will offer International investors financing from 65-80% LTV on SFR & Condos and 65-75% LTV on 2-4 units.

If you want to BRRR there are lenders who will offer you a hard money loan that converts to DSCR once your renovation is complete (and it will save you some money in origination fees staying with same lender).

Additionally, other lenders are offering either a 70% LTV or unfavorable rates at 80%.

Can you give a breakdown of what a typical $5K turnover includes?

You'll find some crime as you would with a more affordable area but overall it offers good rents in a time where rents are at historic highs.

Raise the price back up and advertise offering rate buy down.

Have they put it on the local MLS with a commission offer to other agents?

I have my cleaners at Turno, which means they bid on my offers in order to get hired, so sometimes their prices are the same as my fees.

First, I have not done the full blown analysis on this offering because it was an offering that did not interest me overall- but I want to add the caveat that I have not run numbers and have not formed an opinion that agrees or disagrees with the sponsor.

The sheer number of units amplifies the inconvenience, turning what should be a technological boon into an ongoing headache.While the locks offer attractive features like keyless entry and remote access, the pervasive battery issues overshadow any potential benefits.