Quote from @Brett Deas: Are you close to downtown?

Where I'm currently struggling is coming up with the necessary funds to cover the 10-15% down payment and remaining funds for the interest payments on the hard money loan, etc..

Your monthly payments remain well below the current market rate.Year 3: Your rate is 4.75%.

For me, it's meant:No alarm clocksWorking from anywhereUnlimited time with family (yes, even the 𝗈̶𝗎̶𝗍̶𝗅̶𝖺̶𝗐̶𝗌̶, I mean, in-laws)Being present as a dad and husbandIf you’ve been stuck in analysis paralysis, waiting for that “perfect time” here’s your reality check:Spiking inventoryHousing sales at 20 year lowsPrice reductions everywhereSellers can’t sell, buyers remain on strike.This is when you step in and get involved.

Which means that you cannot just charge the remaining balance of the lease to the resident and allow it to remain vacant.

And builders are now pulling back even as the nation remains short of four million homes.

The yield curve remains steep, with short-term yields falling on rate cut expectations, while longer-term yields are sticky due to inflation and fiscal concerns.Gold surged to a record high of $3,650/oz, up over $3,700 year-to-date.

Estimated tax payments are due April 15th, June 15th, September 15th and December 15th / January 15th.If you see that your tax burden increases every year, you may want to see if you qualify for the safe harbor estimated tax payment(110% of prior year tax) and then make the remaining balance due by April 15th with the extension.Best of luck!

Can you just let the current lease expire, or end it with proper notice and then write the remaining tenants a new lease?

At historical occupancy (~60–65%), the deal produces healthy positive cash flow.Occupancy used to average 60–65%, but recently dipped to the low 40s due to management/marketing issues.Strong potential to restore performance through operational improvements.Hostel market demand remains resilient with strong traveler interest.