Due to this credit score has taken a major hit and we are about to lose a multi-million dollar house.

Hi @Tricia YorkThis is a major reno.

The US has been in process for some time now of the scale flipping from majority ownership too majority tenancy.

The majority of FICO credit scores are above 740.

My end goal is to do brand new homes but i want to start with a few flips.My major concern is working with general contractors, since I had a bad experience my first time around.Looking for a mentor as well specifically in new construction, willing to be your shadow and assist you wherever you need.Are you looking at residential, or looking to expand into subdivisions?

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.

The same agent is still holding the listing, proving the original advice was deeply flawed.A listing that sits for two years with a major price correction carries a stigma that often hurts the final sale price more than a quick, accurate initial price ever would.This example is a powerful reminder that many realtors are disconnected from accurate market values and prioritize winning the listing over serving the seller's best interest.What is the logical next step for this seller, and what responsibility should the initial agent bear for the wasted time and lost equity?

I have 800 credit score and no other major loans.  

Quote from @Patrick O'Sullivan: This is such a great reminder, Alan.Routine walkthroughs not only help catch maintenance issues early but also show tenants that the landlord is proactive and cares about the condition of the home, which often leads to better care from the tenant as well.Something as simple as a slow leak under a kitchen sink, if unnoticed, can lead to major repairs like replacing cabinets or subflooring.

https://shorturl.at/0adHXThe author lays out his argument that the housing market may be on the cusp of another major downturn.