It’s up to the prosecutors to prove that, so I don’t plan to drop this. 

I was hasty due to the higher mortgage rates, and it turned out to be a huge mistake.

😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).

The only reason I left Cozy is because when it switched to Apartments.com they dropped all commercial rentals.  

Also, the vacancy rate was understated.  

Classic 30 year, fixed rate mortgages.

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing. 

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.