(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

Would this be something different from what you can Google and find other articles on? 

The increased cash flow would make such a substantial difference in your daily life that not paying it off would be foolish.Outside of that, I can't see many reasons I would take a 15% tax hit to save 4% on a mortgage, which is really only effectively about 3-3.5% depending on your tax bracket.

These properties include different foreclosures and those that sell below their market value.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Is STR insurance different from home owner insurance?

It’s amazing the difference in damage within a short distance. 

And I will state different jurisdictions have different rules, processes, expectations, etc.In my area you are required to have a permit to swap a water heater.

Because instead of collecting one rent check per month, you’re collecting multiple payments from different tenants.