I have several rental homes in University City and Maryland Heights.

And the ones that are having to make emergency capital calls now (and are in trouble) are almost universally the ones that were structured non-converatively.

There was a very informative discussion here on EIUL recently: http://www.biggerpockets.com/forums/51/topics/68664-eiuls---equity-indexed-universal-life-insurance

You see, we lived in a great market that offered ample opportunity1) There are three major universities/colleges within a 5 -mile radius.

To read previous developments refer to my former post: Previous Fayetteville BP PostFayetteville's in City schools that are worth mentioning are Fayetteville Tech Community College, Fayetteville State University, and Methodist University. 

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

Hey Edward, Neighborhoods like Ohio City, Tremont, Detroit Shoreway, University Circle, and Lakewood offer cool spots for potential Airbnb homes under $150K.

Very good to hearThis property is east of SR9, 3 minutes east of the university Seems like a college rental area

Be aware of other options you have going into real estate, regardless of if you're in high school, university, or some other point in life.

We have a large health complex here - Cleveland Clinic (largest employer in Cuyahoga County/North East Ohio), University Hospitals, MetroHealth Hospitals, etc.