To build it, we took four further market measures– absorption rate, affordability, building permits pulled, and vacancy – and boiled them down into a composite score.The classic relationship used to identify a market's place in the market cycle is building permits pulled vs vacancy rates in a city.

@Wayne BrooksYes but my hands get tired:)8 years of classical piano helped a bit!

If your tenants don’t want the spots I’m sure you can rent them to someone who has a classic car or a motorcycle or a small to mid sized boat that wants to keep it protected from the elements.

I have done this with classics and still to this day rent a residential parking space ( gated carport)  for my business last 10 years.

The market displayed every classic symptom of a mania; the progressive narrowing in the number of stocks going up, the nationwide fascination with the activities of Wall Street, the faddish implications of a new era, the suspension of every conventional standard of financial rationality. and the rabble enlistment of an army of amateur and ill-informed speculators betting on the basis of rumors and tip sheets.By 1929, anywhere from two to three million households, one out of every ten in the country, had money invested in and were engaged in the market.

Keep going :)  "Eat the watermelon, spit out the seeds"...what a classic line, love it.

I should have also indicated - the property in question is the classic example which totes that line of residential/commercial, ie, a 4-plex. 

We have a couple of RV slots in north central texas that we are thinking of repurposing from long term to short term.

There is no qualification, appraisals, or other difficulties.Your credit score is NOT impacted by your policy loans like it might be with a bank, as they are collateralized by the cash value in your policy.Your debt to equity ratio on the property stays intact because the equity from your real property is not being used to fund the loan, thus maintaining elasticity if a downturn in the market occurs (which happens all the time… it is not a matter of if, but when ) and the real property would need to be sold.The best insurance companies charge low rates (in today’s market around 4-6%) (some companies offer fixed options) for loans.So, it is possible to get an financial arbitrage when profits are borrowed and repurposed to third parties.

I would prefer creating new developments, rehabbing, or repurposing existing structures to 50+ unit single or multiple-structure apartment communities.