@Bunmi Joo Yes we do short term rentals ! 

I haven't seen any lenders willing to do second mortgages, especially to get up to 100% (or anywhere close to it) of the purchase price for an investment property in a long, long time. 

The tenant has not paid anything since April 2024, effectively staying in my property for free for four months.

You posted basically the same question in the same forum 2 hours before this so I would delete one so you get better answers.How long have you been sourcing properties?

I also have an investment strategy in place (core/core+ investments, minimal to no rehab, aiming for 8%-12% IRR over a long holding period).

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Quote from @Liam Lee: Doesn't matter how long ago you bought it.

.- Going rate for TH and individual rooms- Demand and saturation levels (how long does it take to rent), length of stay, etc.- Other market trends about the areas TH and individual room rentability - Frequency of renting versus selling in the areaI look forward to the insights you all share!

Thank you.How long does the STR permit usually take?

Call the Sheriff dept and ask how long he'll stick around as the deadbeat packs up.