Comps to me no longer play the only role because of rates, seasonality, etc., it definitely fights the arguments on re-fis with the appraiser but I'm noticing there's just a liquidity issue that is skewing things.I try to essentially start at the floor and work my way up on the ARV as opposed to seeing the highs and working it down.

I have more than 20k to play with, just looking for ideas for best use. 

As others have alluded to, buying larger units or a house near the beach is a better play. 

Weekly coffee held every friday from 7-8:30 at smokey row on cottage grove held by Darson Grantham  Monthly meeting second Tuesday of every month from 5-7 at Keg Stand (they did re brand & it is named differently now) but that is where it is held.

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

When you have a proven track record of performance, then you can play with other people's money. 

You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

Hi Karin, I'm brand new to this RE world, but I’m really sorry you had to go through that, it sounds like a tough and frustrating situation.

I believe they played a role raising capital for these deals, but the language used on their track record implies they played a very active role in the sourcing, execution and sale of the assets, which is very likely not the case. 

And for two valid reasons: they don't know if Don is a trustworthy borrower (which he is not), and they could get a lot better profit (for the bank) from a brand new loan.