A few notes:- I advise people NOT to buy out the PPP completely, but to maybe shoot for 2-3 years just to get a more reasonable rate unless you are absolutely positive you want to refinance sooner and are willing to pay more for that option.- A hurdle here is that your loan amount drops below $100k, which is the minimum for many lenders.

Thanks for sharing your story on having the right pm, def shed some positive light.

My biggest tip would be to attend in-person meetups; we actually have one coming up this Saturday if you are free: https://www.biggerpockets.com/forums/521/topics/1209859-lear...There is something about meeting like-minded people in person that really seems to create a positive energy. 

I wish we were in position to do another 1-2 now but need to wait to file taxes.

It’s awesome that you’re in a position where your investments serve both as income generators and personal vacation spots. 

(It also helps if the banker knows you, knows what your business does, and you have positive bank account history.)Hope this helps!

So it looks like two of the post were created for the sole purpose of writing a positive review

I make sure (1) the borrower has a 10-20% (or more) down payment of his OWN capital invested (2) I understand time value of money and use a realistic and appropriate interest rate to determine the actual value of the note I’m holding and (3) obtain a personal guarantee unless the entity purchasing the property has financial strength in its own right (4) the lien I hold is in 1st position.

If someone has seen a court case where this situation was addressed, please chime in.So if you are the first person to face IRS scrutiny over this - how solid is your position?

If you position yourself on the outer edge of that moving path of progress, there could be opportunities for STR/MTR/LTR all in the same neighborhood, which gives you that desired strong pivot-ability.