He asked me today if his sister can stay with him for the next 4 or 5 months.

As someone that receives 100s of pieces of marketing, texts, and calls in a given month I can tell you that I put everything I get from some sort of automated caller/mailing system directly in the trash or just lose/block the number.

The property is currently being rented out for 3,500 a month. 

However my cash flow has decreased from $400 a month (in 2019) to now $110 a month in January 2023 due to property tax increases.

@Eyong Agbortogo Estoppel agreements are used to clarify things like if the tenant has a security deposit, what they pay in rent, if they are month to month or under the impression they are on some type of annual agreement.

From my perspective I would plan for more than 4 months for rehab and sale of the property.

There will be a lot of no's but there are still ways to get them talking (it's in scripts - "Not even for $$$", I'm not calling to lowball you or waste your time", "I'm really just planning for my next one in the next 3-6 months"Get to the details like Capex - age of roof, furnaces, water heaters, central ac units, electrical, any recent updating in kitchens or baths.

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Ask price off market: $250K, No HOA, rents approx: $1900-2100/month, RE taxes approx : 7400/year, Property insurance : $1200/year, Misc fees trash,rent registration etc : $400 / yearEvaluate this and let me know your thoughts.

This is about 50 units - half traditional hotel rooms and half more studio/1 bedroom weekly or monthly rental.