To me it honestly sounds like it's going to just be blame the feds and the market and the timing of the thing, blow it out in a year or two, hopefully get the next funds rolling before people lose their appetite for the whole thing, and go on like nothing happened.

It is a beautiful area but because of the zoning and rules up there it would be difficult for the area to "blow up" and have a ton of new growth.

Adding sq ft, blowing out walls, second story, coffered ceilings are few aside from the obvious kitchen and baths.

For one, my lender told me banks won't do loan assumptions even if the loans are assumable, but I think they were just blowing smoke so I would get a new loan with them.

Smaller facilities have smaller operating budgets so any one bigger repair or required maintenance item can blow your annual budget.

Now full disclosure, I am only a few months into my relationship with these providers so it could all blow up in my face, but ultimately I wanted to take action and for me this was the safest way to do that and I also figured the learning along the way might be worth giving up some larger returns. 

That way you are incentivized to pay him off rather quickly but have some options if either the property or financing market blow up in the meantime.

And you're betting on a ceiling, and hope you're wrong in the direction that it blows through it. 

You want me to blow sunshine or tell you what you need to hear.

It just blows my mind how ridiculous this is.