But then, if other people invest with them and lose money as a result, I'll feel partly responsible for not having warned people.You have already invested so my message was mostly addressed to everybody else to remind people them of the importance of doing a proper due diligence.

Etc, etc.....While I have been hosting MTR stays for 5 years now, I feel like there is still so much to learn!

Feel free to ask anything, anytime.Cheers!

@Jay Hinrichs, as Chris posted in another forum, let's just say it isn't just the students that are feeling it.  

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Feel free to ask anything, anytime.Cheers!

Feel free to reach out if you have any questions or would like insight to the up and coming neighborhoods

Most of SoCal feels unaffordable to me so Im looking in Riverside or downtown Long Beach.

@Jordan Sachs I feel that $3000 is short money for an easy fix to the problem.

If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.