I just put in my 2 weeks notice this morning also.Thanks for your post- its great to hear about more and more of us taking the scary jump to live life more on our own terms.Congrats!

The one good thing about such a provision is that it allows the senior lender to start foreclosure (or notice of default/cure period) immediately.      

I have to think a ski town is all about STR  not the opposite They currently have about 100K in the bank that was to be used for a common space amenity, but I suppose could be used for enforcement legally. 

I noticed your in Detroit, are you thinking of investing there or elsewhere.

At settlement what is sold is the beneficial interest in the trust rather than the property itself.On paper the lender just sees a common estate planning tactic rather than a sale of the property.

I mailed a 3 day to pay or quit notice, obviously nobody was there to receive it.

I have noticed Q3/Q4 strong but it's still competitive, many agents are struggling. 

Quote from @Jon Martin: Quote from @JD Martin:  I've got a long enough history with LTRs to know that generally you don't want tenants doing more or less anything because it's amazing how little common sense a lot of people have, and this translates into not asking guests to do chores because 1) they've paid a cleaning fee, 2) it's a vacation even if it's a home, and 3) guests that do chores might just put dirty towels back on shelves and dirty dishes back in cabinets. 

Quote from @Jay Hinrichs: my advice is to get some cash first.. dont be so focused on super high leverage. do seller finance first .. forget sub too until you are very well established and have ability to cash out the loans or refi on a moments notice @Don Konipol  Don gave you chapter a verse about the sub to risk/rewards.

Part of me thinks big sq ft is what makes it attractive in first place, as small storage is more common.