(you wouldn't believe how many applicants try to avoid this!)

@Leslie Beia, while I don't believe I have the same experiences as Matt direct to hotel ownership, I do have a lot of experience working with investor capital, how to underwrite deals to show what the investors can expect in return and what you get.That being said, at a high level, I could invest in a private note fund, and earn 10% annually.  

I believe we will have to get the tenants on new contracts.I haven't been to the area, but I did decide to put full trust into my mentor and the #s still cash flow, although I'm putting in more significant starting cash than I had ever planned on.I'm fortunate to have a decent W-2, and going forward I realize I really have to take full responsibility for the loan and be my own best advocate for the interest rate.  

He was slow on selling it, believing that all the money was mine instead of trying to close the deal quickly so I could do it again. so I ended up spending my profits on the monthly mortgage payments.

@Joshua Thang, you can always contest an appraisal if you believe the appraisers conclusion is off for specific reasons. 

So, if you aren't licensed you don't want them to report you to the state because I believe the fines can be hefty. 

As others have pointed out, buying down rates in this environment is not recommended for a variety of reasons, but mainly, there are still quite a few who believe rates will be lower over the next 1-3 years.  

I believe there’s a middle ground to be found, and I remain hopeful for the next three to five years.Has anyone heard from friends, family, or fellow investors expressing concerns that Florida is becoming a risky place, causing them to shy away from buying?

Which I believe is misleading and ineffective, but I digress.

I didn't say it this time because I don't believe she'll go through the trouble over $200.