Looking for overall advice or referrals to potential lenders (conventional or private) and would consider long-term partnership Owe: 218K Current est value as is: $550k Picked up a group of properties a few years ago and construction started, but delayed.

The last thing you want is an eviction.2.

The arbitrator made the award, Crew is dragging their feet as long as they can.

Long story short, your success will largely hinge on the quality of the team and relationships you build, wherever you decide to buy. 

I don't know how long you've been in the industry, but if it sounds too good to be true, it usually is, especially when there is so much scam stuff happening in the hard/private money side of things still. 

I've been having an eye-opening discussion with ChatGPT to understand how the rate of return I need to service the debt (roughly break even) went from the 7.268% APR to around 8.23% (after tax) to around 11.83% (pre-tax, assuming a 27.8% effective tax rate based on my income, federal tax bracket, and state). 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

One of the concerns would be, how long would this last until regulations catch on?

Your tenant in an STR is a guest with very different needs compared to a long-term tenant.

Last weekend, he reduced the amount to $18800, otherwise he may goto court.