It's not in horrible shape, but it's old and outdated and been vacant for several years leading to a less than attractive home. 

STR looks like an attractive option but I am a novice in this area so looking for input on realistic income and cost estimates of a STR managed by a 3rd party property management company. 

I am attracted to the idea of opening a modestly sized HELOC as a "just in case." 

.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip! 

I agree I need to re-run the numbers with homes that have higher CAP rates and see if the numbers start to look more attractive.

I understand that an advantage of note ownership is that its typically viewed as a more passive investment (no 3am toilet phone calls) and that is what attracts me to this concept. 

They sent a term sheet which was actually downright attractive so I paid the $197 application fee.

What makes these areas particularly attractive for investment?

Jude Children’s Research Hospital provide economic stability and job growth, attracting residents and supporting the housing market.

So, he's been blackballed on the buying notes side by everyone I know but he's continuing to operate on the capital raising side because he's good at attracting people who don't know his reputation.On a personal level, Scott reached out to me a couple of times via BP and LinkedIn years ago.