This can be achieved through a process called "note selling" or "note assignment" to a note buyer (investor).The terms of the note (interest rate, monthly payments, duration) are crucial as they determine the value of the note to the buyer. 

Instead of fearing a crash, we should recognize this period as an opportunity for the market to regain balance and for potential buyers to find more reasonable pricing.

It's your first property, you may hold it, you will probably sell it, find a healthy balance there.

Scaling in this business is extremely difficult and stressful as you balance that line of bringing on more properties so you can afford to hire more people while already being overwhelmed by the properties you currently have.

- Set clear, specific, and achievable goals.2.

Our closest competitor in Smithfield has achieved an ADR of $140 and RevPAR of $105 in 2022 and 2023, leading us to believe that a new mid-scale extended-stay property can achieve similar numbers.We welcome any insights from those in the hospitality industry on any aspect of this project.

This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.

This is a short yet balanced review of FIG.  1.  

Premium RE, high COC return like a luxury STR or small balance multi family could be a good partial anchor. 

Otherwise, you can achieve it by gathering a team, hiring a project manager, partnering with a sweat equity partner, or using turnkey BRRRR companies.