Or they might keep scaling up since they have the basic processes in place and it gets easier and easier to do once you’re familiar with it.

It's basically the loan amount compared to how much the property is worth.

Basically, lenders are very skeptical of the argument "no one would buy it at $X, but it's really worth more than $X so now I want to keep it."

Here in Phoenix, several very close friends who shared details with me went BK because tenants basically stopped paying and they had leveraged all the properties.

I've purchased a couple this way (basically BRRRRs with no reno) but it required me to close with either cash or private money and then refi. 

It's impossible to budget capex accurately without an inspection unless you are experienced enough to walk through and basically do your own inspection and know what everything costs.

If there are a limited number of STR licenses available there, and you have one, and it transfers to the buyer, then you may be able to fetch a bit more as you are basically selling a business and a house together so to speak.

They told me that they would not fix anything unless I "removed the post" and basically forced me to post a retraction on here. 

I’ve got a buddy who owns a condo in Wynwood — a developer is buying the entire building for a conversion, and he’s basically doubling his money in just a few years.

Often referred to as a "x due in y".EXAMPLE: amoritize for 30 years, but balloon payment due in 5, so "30 due in 5".There's a whole lot more you can negotiate with this, but this is the basic version.