I'm not saying you're doing this, but people will often make the mistake of looking into the highest priced rental unit and making that the "market rate" but it's often not a true comparable to the subject.

I would keep the brokerage account and focus on the tried-and-true practice of saving up for a new investment.

That is for true commercial properties and LENDERS do not look at value that way.

Building a rental portfolio that replaces your income takes years and a lot of effort, this is especially true in our high price high interest rate market.You need to have at least a 10 year vision when buying real estate.

After listening to @Brandon Turner and @davidgreene do the recap it is true that you sharing your story will save BP member millions of dollars.

To say it's safe, simple, "aaahhh banks won't do anything" is simply NOT true.

True that. 99% of people will stay on the internet, analyzing deals and doing research but when the time comes to pull the trigger on a deal they'll do absolutely nothing. 

I'm new the notes world and frankly the 3-year locked in PPR preferred return of 12% seems almost too good to be true if they in 16 years have never missed a payment or failed to repay principal.

This is true regardless of how long you have owned a vacation rental. 

I have held a few true turnkey (operator renovates, and manages) properties for enough time to get an idea on actual returns.