And am I prepared to handle that if it does?"

I used the money that was going to go into the WL insurance to acquire a property but before acquiring it, I added value to it by bringing a national food tenant that is still operating there till now and doing well even through COVID-19 with a corporate guarantee 2) that my cash return on my cash downpayment and rehab was enough to buy me twice the coverage for less money using a level term insurance for 20 years?

@Christian DiCroce I don't know if Cleveland is one of the Ohio areas that is on your Radar or not but since it's been brought up here is some food for thought for you.If you are looking at Cleveland I recommend checking out The Ultimate Guide to Grading Cleveland Neighborhoods.

Therefore, investors must be prepared to hold their Notes to maturity

Are you prepared for that?

If you plan on being a buy and hold investor then you should be prepared to handle capex events on all of your properties.

Same thing with your HELOC, if it's a $0 payment, it's a $0 impact.Not discouraging the purchase by any means, but food for thought: "There's no free lunch" if you're getting a below market rate from the builder that's getting paid for in the purchase price.

Quote from @Juan Hernandez: I hope you are prepared.

Remove food that can rot, empty the trash, flush the toilet, etc.

Second, if this relative has any other close family, prepare to be accused of "taking advantage of sweet old Aunt Sally," if not now, then a few years down the road.