You might want to share your analysis sheet with us.Is this a high-appreciation area or something?

Find a cure for analysis paralysis.

I agree with the analysis above, but I just want to add that if the rental was illegal, as someone above has suggested, then you will be unable to collect any arrears that are owed.

Personally, I love BRRRR, and you have to learn the ropes on analysis and due diligence (for starters). 

6.6% cash on cash is nothing to write home about.Without posting the details of the property analysis, it is impossible for us to offer much help.

It's no different than any other loan - lending is based on the analysis of the property.

It will let you dial up to 10 lines at a time (or you can throttle to 3 lines 5 lines etc) and will connect you to the first one to pick up as well as send a voicemail or text message to the ones that dont pick up.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

An actual analysis with real numbers would help determine a next strategy as well as hearing about your goals. 1.

I am currently in deep offer analysis on a MF prop that you can only LTR (yearly lease) or STR of 28 or more nights (basically monthly rentals, for snowbirds, summer crash pad, etc.).