I'm learned (failed) so much that we're on version 10.0 and recently launched a Private Credit Fund to meet people just like you.

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

A tenant who won't communicate for a month and won’t pay is choosing the outcome.File, regain possession, and then decide what you want to do with the unit once he’s out.If you want, I can help you tighten this into an even shorter, more direct version.

Quote from @Adam Simpson: Quote from @Josselyn Jorge: @Mike S. would you mind sending me a version of your log book for reference?

We haven't responded yet.And before anyone asks: There are VERY clear lease terms around the security deposit, ex: "In the event of forfeiture of the security deposit due to Lessee's failure to fully and faithfully perform all of the terms and conditions of this lease, Lessor retains all of his other rights and remedies" ; "Deductions will be made from the security deposit to reimburse Lessor for the cost of repairing any damage to the premises or equipment or the cost of replacing any of the articles or equipment that may be damaged beyond repair, lost or missing at the termination of this lease"; and "Not withstanding any other provisions expressed or implied herein, it is specifically understood and agreed that the entire security deposit aforesaid shall be automatically forfeited should Lessee vacat or abandon premises before the expiration of this lease"What are our options here?

The Lender’s DCR – Theoretical and OptimisticLenders calculate Debt Coverage Ratio (DCR) by dividing Net Operating Income (NOI) by Annual Debt Service.Their version of NOI is usually based on: Market rent (sometimes even above actual rent) Standard vacancy allowance (often 5%) Limited expenses — typically taxes, insurance, and maybe management at 8–10%That’s it.

A 45-minute-fire-rated version of the same door would start around $15k and go from there.

I was going to say if it was the extra small version like a lot of people put down over it in a lot of other areas of the country in the neighborhood of $1000 or $1500.

I know Cozy but it seems they don't have an app version.

They want these homes to go to normal residents so they aren't usually looking for flipped high-end versions out of the land trust.