When you’re analyzing NPNs, what’s your go-to checklist before making an offer?
Do you focus more on property value, borrower situation, or lien position first?
Always interesting to see different approaches!

I am the director of a non-profit organization, tied into a real estate system.

Quote from @Nick Copland: I see a lot of hosts overspending on their MTR setups — and half of it doesn’t even matter to tenants staying 1–3 months.Here’s what I’ve learned after setting up and coaching dozens of MTR units:✅ Worth the investment:Quality mattress & blackout curtainsFast Wi-Fi (non-negotiable)Workspace area (especially post-2020!)

Right before we started this company before the last crash, I was a bank executive that was handling the banks "Special Assets" (non-performing loans).

They are pushing the same change to non-PMS owners in December.

Always good to learn different approaches — especially in this market where values shift quickly.

. - Applicant must be a non-smoker. - Applicant must have no pets except for dogs of non-dangerous breeds.

These types of infestations will have a direct effect on the value of your property and the way it performs, so continue to take preventative action.Once lease renewals come up, I'd just non renew the tenants that you think are responsible. 

Is this an owner-occupied purchase or non-owner occupied purchase? 

I would also raise the rent to offset the anticipated cleaning and rehab costs or give notice that any future violation will trigger non-renewal.