However, one major drawback of the Potomac River has long been its hazardous pollution.

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.

They've never navigated a period like we are in now and they haven't pivoted from their boom times playbook.If you manage to get your principal back you'll have to pay back the taxes you've deferred (depreciation recapture).

For example, I think when people look at rental rates in Spain they consider regular annual rentals and Airbnb-style rentals which are two ends of a spectrum and have their respective drawbacks (changing legislation, etc).

You can make exponentially more with leverage and phantom income (principal payday, future cash out refis with rentals to scale up and appreciation).

When I'm investing in trust deeds - my primary concern is the safety of the principal.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

After one year of occupancy, refinancing into a conventional loan can remove PMI if you achieve 20% equity through appreciation or principal paydown.

They have HUGE benefits and small potential drawbacks.

Having said that, rents go up over time and as you mentioned tenants are paying down the mortgage (with more going to principal over time).