Usually there's a lockup period (often three years) in note funds, so you can't use that cash to do direct note investing.  

Even if I were to rent it out on Airbnb, the cash-on-cash return isn't very attractive.Specifically, I’m concerned about:High mortgage payments and the financial strain it could cause if the property doesn't generate sufficient cash flow.Cash-on-cash return is low, even with high-revenue short-term rentals.My Questions:Risk Mitigation:Any strategies I can use to mitigate the risks associated with owning a high-value property with a large mortgage?

Owning three rentals and completing a BRRRR is an impressive start.

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.

The first unit is a four-bedroom, three-bathroom duplex, while the second unit is a two-bedroom duplex.

If you are not building in sufficient capex, then these costs could be higher, if not much higher.

How long did it take to complete those first three builds?

I believe if people make money and there is sufficient housing supply, housing will become affordable. 

They also stated they only allow three brokers and three cash homebuyer “spots” in any given area, and they only move into areas where they can guarantee at least 600 leads per year.

We are only going to be able to rent out three rooms because Fumi will be living in one.