Imagine if your college drinking buddy barely passed med school (maybe with some help)  and you needed heart surgery. 

These are barely underwritten. 

My next STR will be 4 bed bare minimum, preferably 5.

The Industrial center is located in Storey county (different than Sparks/Reno)  In talking with the head development planner for the county, there is no residential zoned properties in the center and barely any in the county except for the closest city which is about 20 minutes East. 

In terms of setup it looks like you sleep 6 but have a dining table that's barely big enough for 4 and living room seating for only two?

If your area is one where prices are out the roof, then $50K+ for an average flip woudl barely get people interested. 

Assessed value is ~95,000Offer $87,50075% LTV investment property mortgage for $70,000 - $400/month pmtOwner Holds $15,000 2nd mortgage 15 yr amort. with 5 year balloon - $135/month pmt (total interest pd 4,800 in 5 yrs)I kick in $2,500 or so of my own cash so the owner ends up with around $7,500 cash after his note is paid offmy numbers would be awful for 5 years but i could stash away as much as i could during that time and after the seller 2nd was paid off I would have ~ $25k in equity that barely cost me $10k out of pocket...thoughts?

They bought in 2021-2022 and are barely scraping by.

Eventually someone will be right, but over-time real-estate tends to increase in value if you can hold it long enough and weather any downturns.I'm open for dissenting opinions, but during the housing crash rents barely moved. 

At a bare minimum, this gives just a little ethical coverage in the case that the numbers turn out to be B.S.