The most important items to consider for approval is that you have very clean credit and the lender will also analyze the exact location of the property to consider how long they will take to resell.

@Gabriel Castro, hey thanks for responding, and if I can ask a follow up question, if said estate already has a personal representative that has been chosen by the end of probate, as my lists targets those that have already gone through the process and has that PR in place to manage the assets, would an affidavit of heirship still be necessary for certain items within the will, or would that depend case by case?

I guess without knowing your personal financial situation if I had to make a decision it would be thus: if I could get close to REAL cash flow break even (this means counting an expense reserve for items that will have to be replaced in the future) I’d rent it out.  

To be clear P&L statements and running the numbers (or comps short) are two different items.

This deposit is typically used on the appraisal, 3rd party inspections, credit, and legal review items.

For tracking property-level data, we’re currently using spreadsheets but working on a system to streamline this process further.Meetings must have clear agendas and action items.

My comments: - other expenses seems a little low but may be ok because exiting at year 7 will be before large cap ex items start to heed to be replaced.- $100k rehab in 2 months is very challenging but I did do a $100k rehab in just over 2 months just over a year ago.  

However, should it damage anything, you can charge to have those items repaired. 

One person owns the real estate (retail space or STR property) and the other person (retail store or STR operator) rents the empty space, furnishes it, and operates the business (retail or STR) out of the real estate. 

And while rents have increased since the fires, they are still relatively low compared to purchase costs and debt servicing at today's rates.Now, currently legislation proposals on SALT limits may change the math if you fall into the itemized tax deduction category, but that shouldn't be a deciding factor.