Sounds like a good deal, congrats Scott!

Purchase price: $90,000 Cash invested: $15,000 What made you interested in investing in this type of deal?

Have you checked to see what others are doing in the immediate area on VRBO and AirBNB?

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

Are there maturity extensions built into the loan agreement?  

In this case it might be more of a 20/65/15 to get what you need out of selling the 1st. 

I had to re-post in another post. 

To me it seems way less intimidating to think about becoming a real estate developer in those communities rather than LA, SF, Miami, NYC, etc. 

My question would be is a 6 cap the going rate in the area for that building.