If a truck is necessary for your business, and you dont have a backup, you need a reliable vehicle to get to jobs.

I'm not currently doing terms deals, got distracted with my land business, but it's on the back burner and may do it later on. 

Your project gets moved to the back burner

@Linda Wright - Quick re-visit to the topic of property value - my initial assumption that the property value might have a relatively sluggish growth rate was based on a recommendation from an older colleague...but I realized I have no data to back up the claim. 

I really appreciate you chiming in and will follow back up soon! 

Also, here are some thoughts/ assumptions in no particular order:~ Monthly carry is $3,550 .. includes $150 PMI~ Monthly principal paydown is ~1k~ No other deals in pipeline and love idea of BRRRR and having a back up plan for X years down the road~ Don't especially like ST rentals and people trashing the house~ Concerned over eviction moratorium and having someone move in and stop paying rent~ Assuming I drop the price by 50k to 1M and someone buys it~Assuming ADR + vacancy on rentals based on AirDNA~ Not including maintenance costs on rental I know it will come up but for this exercise I want to keep it simple~ Taxes are a +- estimateFlip: Sell $ 1,000,000 Mortgage $ (610,000) Closing Costs $ (70,000) 7% Proceeds $ 320,000 Initial Equity + Rehab $ 85,000 Net $ 235,000 Taxes $ 82,250 35% Net Income $ 152,750 Rent: SFR 2 Short Term Analysis Occupancy (%) 70.0% ADR $ 225 Days 365 Short Term Rental Revenue $ 57,488 Monthly Short Term Revenue $ 4,791 Management Fee 10.0% $ 5,749 Net Short Term Revenue $ 51,739 Net Monthly Short Term Revenue $ 4,312 Long Term Rental Revenue $ 46,800 LT Monthly Rent $ 3,900 I'm sure many of you were in a similar situation so any input/ help/ advice etc. would be appreciated! 

If you sell it without a proper backup plan, your family's future might be impacted.

Even if you choose a DST (Delaware Statutory Trust) as a backup, it would be worth having. 

However, the court date for the last one still has not been granted because of the backups...

Let me know if I'm just making excuses or if I have options given my details.28 years old.I served in the military for 6 years so I have access to a VA Loan.No dependents or really anything holding me down.I have intentions on going to a coding bootcamp when they open back up in person, but I'm not as enthralled in that world as I was hoping.