I don't thinknitbis so much about a specific area as it is a good price on a specific property that has views and amenities that people want.I would set up search for popular mountain tourist locations and be patient till the right property comes along and be ready to pounce.You can put a property under contract to lock it up and then schedule a viewing and make a decision during the due diligence time.

It's not worth the risk that they leave as there's some inherent cost of vacancy, getting it rent-ready, changing the locks, etc.  

I locked that basement door and let the tenants know don’t let them in or we have no power.

By secure I mean change the locks, install security,.....

When I flew back a month later to change the locks and do a few things to get rental ready-3 neighbors from 3 different homes came to my door.

You may be able to find a local bank that would hold the note if you bought it outright, but anything under $50k and most times under $75k is hard to borrow against...it's just too low for a bank to make any money without triggering usury or State/Federal fee limits like they mentioned.

Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

In my lease agreement it states not to leave the door as to not let the cat out.Am I legally allowed to serve her a 3 day notice to quit for breaking multiple rules (right to quiet enjoyment, not locking the door, not leaving the door open to not let the cat out, not wearing shoes in the house)  within the first week?

I think the answer is for multiple reasons: analysis paralysis, bandwidth, or just simply failure to pull the trigger.

So, it's typical for them to put refinances that are locked in on the backburner for the most part.