The borrower didn't move forward because the rate increased due to the lower DSCR, and the borrower was receiving less cash out.This property was part of a larger portfolio that my client was considering refinancing, but wanted to test the waters with 1 property first.

If the answer is no, selling isn’t quitting, it’s reallocating your time, energy, and capital into something that fits you better.You could make the light repairs, get it rent-ready, and stabilize it again, but if that idea feels more like a burden than a strategy, it may be the right time to move on and put your resources into a cleaner, higher-performing opportunity.

They plan on living there for a few years and moving to a larger home while renting that one out. 

I am an Executive in a life sciences company which takes the majority of my time and I have no intention of stopping that, but want to build a larger rental portfolio to have other financial / lifestyle options in 10 years. 

Leverage them.If a larger developer is planning 20+ units 2 miles away, that’s actually a signal.

They completely wasted my time and energy.

ChatGPT pulls information from the internet.OpenAI takes 10x more energy output than a Google search anyway.What's really spook is Anthropic who made Claude AI is now starting to think for itself, build safeguards and has it's own agendas and consciousness.It other words, Claude has been shown to blackmail, deceive and even have self preservation.Talk about Skynet in the making.ChatGPT is just a glorified text chatbot and search engine at this point.

What to look for in a good rent-by-the-room propertyThis matters a lot:• At least 3–4 legal bedrooms• Two or more bathrooms• A layout where bedrooms don’t share thin walls• Plenty of parking• A common area large enough for multiple people• A location near hospitals, colleges, or job centers• A basement or attic that can be finished legallyAnd most important:A floor plan where rooms feel private.Privacy is what keeps tenants staying longer.My honest adviceAt your age, with energy and time on your side, this strategy can fast-track you if you treat it like a business.But don’t do it blindly.Tour existing co-living houses in your area.Study your local ordinance.Model the extra expenses and the extra time.Room-by-room renting works, but it works because the operator is organized, not because the property magically prints money.

Love the energy, Michael.

In a perfect world, I’d live in the smaller unit and rent out the larger one, or maybe even run an Airbnb if the property makes senseI’m looking for a mix of cash flow and stability/appreciation.