Let me know if you have any other curiosities!

@Greg M. nailed it, and in a very entertaining way.Out of curiosity, what do you consider to be a "possible deal"?

I am simply/mostly talking about getting lost in curiosity.

Then you'd split the equity 65/35.Just out of curiosity, how did you get yourself positioned to potentially be a syndicate for this deal?

I have heard Santander Bank will send a check to the tenant for any accrued interest at the end of the year, which may be helpful depending on your state laws.

@John Thedford - out of curiosity, do you think the development of duplexes in SW Cape will continue to happen? 

By your own evidence the interest continues to accrue at simple interest.

I haven’t yet found a management company for 10%, at least one that handles the coordination of cleaning and maintenance as well.Just out of curiosity, your numbers assume a 60% occupancy, 10% management fee, and a nightly rate over $100?

My partners and I have a constant flow of deals coming into our inbox and we have accrued a vast knowledge in analysis.If you would like to network and talk about potential partnering then send me a private message.Have A Great Day!

Out of curiosity, I looked up the public records and discovered the owner has had it since at least 1992, so he likely owns it outright or very close.