New realtors, new realty companies, new PMs aren't going to have those established relationships and *no* PMs give up the names of their people to anyone else because getting good people is difficult. 

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

Take the effort to solicit contractor recommendations from multiple people.

Wait to sell for tax reasons - and watch your investment suddenly lose value.

But the mindset remains that the structure just loses its value over time.That's not to say I think property investing in Japan cannot work -- it's just the parameters are quite different from places like the US (like many things in Japan!).

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

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

But what do people think of this offering? 

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.