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.

I think long-term Nashville is going to be a much healthier market than Memphis.

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.

I think long-term Nashville is going to be a much healthier market than Memphis.

Part of my vision is to provide rentals in housing properties for those who would love a housing environment but cannot afford to purchase. 

With lower entry costs and solid growth potential, he was able to snag a couple of properties that started generating positive cash flow pretty quickly.Sometimes a new environment brings new opportunities.