They are made out of Core Ten Steel, to resist Saltwater environment which requires Virgin Steel.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

Most of these guys have never seen a high interest rate environment.  

@Lucas SchlundI just read an interesting article about the Detroit STR market environment on Steadily’s blog.

Our team redesigned the interior and purchased all furnishings and decor to give a stylish, comfortable environment for guests.

A restaurant or café with outdoor dining could thrive in this environment (there are not so many around the area), benefiting from the steady local traffic while also enhancing the appeal of the residential units.

Our team redesigned the interior and purchased all furnishings and decor to give a stylish, comfortable environment for guests.

Our team redesigned the interior and purchased all furnishings and decor to give a stylish, comfortable environment for guests.

I can see that in a fund environment but not on whole notes..

Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.