On an average $400,000 home that amounts to $12,000 savings over a 30 year period. 

Tenant had a notice to vacate after 4 day grace period and lawyer submitted eviction to court last week (they are only late for July).

Relocated the laundry room, Finished the basement, made the kitchen and living room an open concept, extended the deck and added a back patio door, and more.

Our local statute specifically says: "the tenant shall not be considered to be absent from the dwelling unit without notice to the landlord during any period for which the landlord has received payment of rent."

So now it will be a 4 year redemption period.

I thought my multi unit was using a ton of water because it was 33,000 gallons in a 6 month period.

Even if a bank is paying me 5%, I know that's only for a short period time relative to my peak years left of living.  

The deal would be something along the lines of 3-5% down and financing at a fixed rate amortized over some period (probably 20-30 years). 

In the near term appreciation is not guaranteed, but over a long hold it has been a virtual guarantee as it has occurred for every 12 year period going back to start of price records and the 12 year was the Great Recession. - equity pay down is significant on expensive property.So if using 50% expense ratio, if you are less negative than market rent, you are likely doing better than most local RE investors.  

Something else I noticed on the first page of Offering is "The notes are being offered until the earliest of...[] December 31 2024, which may be extended in our sole discretion, or the date on which we terminate the Offering."