However, I feel like I am just bleeding money.

I've been listening to the BP podcasts for a long time and finally decided to post because I am feeling a little lost right now.

If you are interested in the borrower perspective, feel free to reach out and I am happy to assist.Additionally, you could post this to the WAREI Facebook group as there are many people there who could answer questions for you.John

@Chris ChaffinI can relate to how you’re feeling!

A lot of American cities are feeling that pain sharply.But here’s the reality on the ground in Kentucky:Our commercial market is splitting into two very different stories.On one side, yes—office vacancies in Louisville have climbed to around 23.4%, especially in the suburban corridors and older Class B/C buildings.

For me, the biggest pain point hasn’t been the cost of capital, it’s lenders who don’t actually understand how a real rehab schedule works.

@Andrew Foster some decent advice here, but also some feedback from those who really don't have enough info to support their perspective.Many DIY investors price repairs on materials only and forget about labor as they do their own work.We're a PMC in Metro Detroit, but here's how our process would work:1) MoveOut Video & Pics used to create Scope Of Work (SOW)2) SOW broken down into Priority Categories:- Health & Safety- Government Required (municipality/S8 inspection requirements)- Property Preservation- Marketing Impact / Tenant Retention- Miscellaneous3) Bids obtained if we feel work will exceed Owner Approval Threshold4) Bid sent & discussed with owner to, "redline to their budget"5) Work begins once owner approves & funds6) Completion video/pics providedOf course, while this is going on our Marketing Dept would be doing a rental analysis & ad, and discussing with owner.

But what we don’t always see are the hard parts: the work, the mistakes, the learning curves, and the growing pains that come with starting and running any business.I’m realizing that the success stories are inspiring, but the challenges behind them are just as important.

The key differentiator is that these models would be constantly updated for things like:Changing mortgage rate formulas and lending rules.New tax laws and depreciation rules.Integration with current data sources for things like rental comps or maintenance costs (where possible).New model types based on emerging strategies.The goal is to save you the hours of building and, more importantly, maintaining your own spreadsheets.I'd be incredibly grateful if you could help me with any of these questions:The Pain Point: Does manually updating your analysis spreadsheets for rule changes feel like a chore?

But I actually wonder if these programs go away, after the initial pain, the long term result is likely to be positive - a great increase in the number of 2-parent households.