Ultimately though, whether 5% or 12%, what I was trying to determine from my question/post is whether a forced appreciation of sorts is required to render the private equity funding model a workable one.

GA law allows the judge to render a judgment of up to 3 times the security deposit being held.  

I would never use my seed money for this since it locks it up and renders it useless until the future event you are banking on.  

Unfortunately, I quickly learned the hard way that an ineffective property manager can render even the best projections completely invalid.

If you operate through Airbnb the owner can collect the revenue and all you do is supply guest services if you are not collecting revenue and change for services rendered.

I'm seeing refi rates as much as 1% lower than my current rate, which I would think would render a lower payment.

I'm having a hard time seeing how the rents for a 1 bedroom tiny home are going to justify what your renderings are showing.

It also renders a useful service to other prospective landlords down the track as the action will show up on a background check, though I dare say that thinking of others isn't really in your bailiwick.

It's probably worth more as buildable lots... because a Golf Course is Business Income, and my guess is it's income is low to negative long term.You paid a premium to live in a (financially) exclusive "Golf Community" and now the core of it will be medium density and no more Golf Course.Those who paid the biggest premium most likley were those with homes right on the green--now they will be on the front lines (so to speak) with medium density (which might include Section-8 and other Governmental Assistance apartment buildings).Melinials (as a rule) do not value playing golf very much, and with the business income of the course being low--highest and best use...It's also probably going to effect your property values...Location, Location, Location.In short doing this seems to really shaft the Existing Homeowners, too bad your city government doesn't rezone it as a huge duck pond, dig it out and flood it.Even with the course closed there are carrying fees, such as taxes and insurance, so leaving it as a self owned green belt would be a shark bite for the owner.It's interesting that they don't want to zone the same as the existing doughnut of homes and want to go with Lower (to no) income group of people in the middle of the doughnut.From a return on investment it makes sense, but so might a stench producing rendering plant.If they zone to the existing doughnut of home the price loss on homeowners MIGHT be less.This seems to be the trend of the future...

I do think tho that 5G and other wireless technologies are rendering this discussion obsolete.