With you managing their properties for them, it gets more difficult to meet this test.  

Education on real estate appears to be a much better business than real estate itself.  

Its a vacation town. 

The overall trend of the 10-year treasury appears to be downward reflecting as well right now, with the most recent high of 4.8% on 1/13/2025 failing to touch the previous high of 4.98% on 10/19/2023 and now sharply falling to 4.62% today (1/24/2025).

It does not appear the lender used an attorney to draft the note, as its the worst note I have ever seen for a $2M loan.Lessons learned: if you want to be a professional, then act like one.

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

Let's say you paid $250k for it, and it's now market value $500k.

And make sure you live in that 1st house so you're close to and can address problems as soon as they appear. 

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

That was probably a slip up, but at least they admitted it.