It's all about comparing the loan amount to the property's appraised value.

That's where I'd be doing my analysis instead of just comparing current cash flow.

= 20-40k-- Capex (target 1% of capital) = 10k-- TOTAL = 47.5-67.5k- CASH FLOW (YIELD) = 32.5-52.5k (3.25-5.25%)Based on that math, it's considerably better/higher yield to switch to STRs compared to the $15-24k cash flow in my LTR.

Compare this to another PM I evaluated that offers 45-day notice with zero termination fees.

Their guidelines may be shorter waiting periods compared to conventional depending on the company but generally DSCR guidelines are not allowing for mortgages right after a bankruptcy. 

You'll see a pretty significant improvement at 30% down compared to 25% down, then you'd be in the range of low to high 6's.

Water damage is expensive, often hidden behind walls, and sellers know that disclosing it kills offers.What to look for: Compare Section 4 of the TDS (structural/functional) against the inspector's notes on the foundation, crawl space, and attic.

Happy to share what I’m seeing in the 30–60 unit range and connect if you’d like to compare opportunities.

The decline is visible but nothing compared to GFC.  

They want to verify this is a legitimate arms length transaction value.What worked for me in a similar situation was putting together a packet that included photos of all the damage, contractor bids for the major systems (roof, electrical, plumbing, mold remediation), and a list of comparable distressed sales in the area if you can find any.