Go to the local pony track or closest casino to his house and you will see him there with defeated eyes.I fell for the bs pitch on giving more money to get my original money back once as well, won't ever happen again!

Assuming you guys are using conventional lending, if all three of you were on the loan, then this one property takes up a slot in each of your allotments for 10 loans.  

This will free up slots for Fannie/Freddie. 

Hey that’s the special cookie recipe you need to make, and then your golden, I have similar issues, prices now are like a slot machine or like an auction, they are all complaining about supply and demand, I wonder if my contractors hire Chinese people and these people are stuck on a boat in Cali because all of the truck drivers are on strike?????

With the new hospital, casino, expansion of grantline road, good schools and various other infrastructure building it's ripe for appreciation.

I need to find financing for them and I don't want to use my conventional slots.

Getting around this cap will require you to refinance the homes in a portfolio loan or another option would be to offload 1 partner off of the loans through refinancing, thus freeing up some slots for that partner.

STR can work out in eastern CT, but they have to be near the casino and priced competitively when compared to the hotels in the area.

In one small town in NC, there is a casino being constructed in an area with almost no STRs, it's still 2 years from opening, but what people don't realize is that because of the lack of hotels, and the size of the projects, contractors have no where to stay, two of my clients have bought very cheap housing in the area, modestly furnished it, and have better ROI than almost any other investment they've ever had. 

Up until about a decade ago, once you filled up the Fannie/Freddie slots, there wasn't much of a choice if you wanted to continue to expand; you had to go commercial.