But fly by night note funds coming out of the woodworks to capitalize on this "high" rate environment by creating note investment "funds" that really had terrible ways of raising capital and minute chance by real estate, and promising something egregious like 15-20% +.

I believe it's actually a very good regulatory environment now that the permits are in place.Overall, I expect metrics to continue to improve over the next few years as the demand for STRs continues to grow in our market at a 15% year over year rate. 

I'm glad I can be in an environment with determined, like-minded people.

High-dense urban environments should build up, and get rid of underutilized parking since public transit is easier in these environments.  

And also, since I am the borrower, am I correct in my understanding that I would be subject to a tax on cancellation of debt which would lower my total IRR.I saw many years ago (like in 2017) on BP that note investors were shooting for 10-12% IRR in a zero-interest rate environement. 

In order to lower rates significantly, we are either in a deflationary environment (housing prices likely going down) or have high unemployment—the economy is not doing well.

Residents of Palm Beach enjoy one of the most exclusive environments in Florida, attracting the ultra-wealthy from around the world.2.

Not a smooth ride, not a steady ride, but when you get it to work you have the type of environment investors dream about. 

Does the loan work in the high-interest environment?

Avoid investing in cities with high operating costs.Pro-business environment: Companies prefer locations where they can operate smoothly without excessive government interference.