I get an email about 1 week ago (3 weeks from closing) from a large bank asking if I needed a quote and I said yes the quote from the bank ended up being 5k cheaper in cash to close for nearly identical terms and P&I.

@Johnny Espinoza I think the short-term vacation model is golden right now in places it would not have worked previously...my partner and I are converting a 180-yr old hotel into an Inn right now, we've done a ton of research over the last months...we found some good resources, but AirDNA was pretty affordable with good insights.On Cleveland...we use data to inform decision making...on a lot of different levels...lots of data and analysis...Cleveland is a beautiful city with lots of good things, but speaking from data, it's one of the worst locations in the US...I really wanted to find something good there out of virtue of proximity to our home market, but I can't...to be honest, it has an identical fingerprint to Detroit pre-collapse.

Alternatively, maybe you want an identical 4 bed house but with a backyard for the dog or now you want a 2 car garage, etc.

Lots of exit options, knowledge of rents on identical buildings down the street How did you find this deal and how did you negotiate it?

I have rented many things in my over 40 years of life including, automobiles from Enterprise, AVIS, Hertz, boats or sea craft from various establishments in various states, and yes countless hotels around the world.Instead of asking me for a deposit they feel entitled to and SS# that is the most sacred of identity data, they simply put a hold on my credit card.

Profit margins are identical to the new construction multifamily development I’m doing now, just with smaller sales price and smaller build price

That means that's a town that has had no growth in 50 years and little appreciation too.One of the areas where I have bought, I sold a property in 2008, then sold the identical property next door in 2013 for 60% less. 

I actually have someone in contract with a situation almost identical.

@Mio Chee set up is for sure a hard thing to look at, I would love to set up the Aanonimity but it seems diluted and hard, anything that seems that complex to hide your identity just doesn't feel right, hence how easy it is to pierce the vail. but I do believe in the deterrent to keep their form digging too hard.

Let's look at an example of why you can't necessarily say that if cash flow is good, your CoC return will be higher:If you take two identical properties that are right next door to each other and you pay cash for them.