The new part is only good for lack of repair and new systems, in every other aspect you are losing because you are paying up for that luxury and unlikely to get the rent back on your investment right away as the buy-in would be higher for people wanting to house hack it.

On the one hand, as long as we aren't significantly losing money on a month to month basis I feel it best to maintain the property purely from an appreciation standpoint (strong location close to the a large medical center) with an dramatic increase in housing.  

If you do not have a HUGE risk tolerance don't do it.  100 OOS investors lose everything for every 1 that makes a profit in Detroit. 

If you two knew about the issues in the property and know that you can fix them up and flip the house then the funding shouldn't be a reason to lose your escrow.Best,Paul

I’ve figured a bridge loan could give me about 1-1.5 years to find a new partner without losing the site.Who can help me this?

I imagine doing it that way would get a lot of sellers on board because they have absolutely nothing to lose because the property is not tied up?

My main concern and where I lose money is when tenants move out and give a month or less notice, which creates turnover time where rental is not rented.

Do they understand that they could lose their money?

I don’t think we’ll lose many bookings, and if we ended up with a 2 or 3 week self quarantine, I’d think we’d still get guests that want to quarantine near the beach.

There's no test, no interview other than five minutes over the phone, no references -- any warm body will do.