NOTE: A lower OER indicates a more profitable property as a larger portion of the income is retained after covering operating costs.Hope that helps!

As a note, residential properties typically are not evaluated with cap rates, but I think you may have been saying a 7.5% cash on cash return or ROI.

noted and appreciate your answer

He does not own the notes..

Would love to trade with others to compare notes and brainstorm.Cheers!

As you note exiting any RE that does not have some appreciation of a significant amount over say a 5 to 10 year hold generally speaking is going to lead to a loss at sale.

As @Matthew Crivelli noted, this might be the case.

Note that because both of these were house hacks, we have really good interest rates, so a cashout refinance isn't really an option.

From signing the initial agreement to finalizing the project, they maintained a high level of professionalism and kept me informed with regular updates.The deal was backed by a Joint Venture Agreement and Promissory Note, and they delivered the expected returns on schedule, with no issues along the way.If you’re considering partnering with 51 West Properties, they’ve proven to be reliable and trustworthy.

But, like others noted, courses can only be even remotely valuable if you actually know what you want to do.