Also, if you bought into a peak market and the music stopped, how far will the price decline in either market.   

These are quite different legal instruments. 

I have another meeting next week to discuss details.Has anybody else used an instrument like this?

At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied.

Like in Austin during SXSW, musical festival, F1, just plain relaxing close to lake are few good points to stay in STR.

Safe act in your role will affect the enforceability of the security instrument and note.

I guess I really opened a can of worms with this topic.. here's what I see when I look up MGL Chapter 64D, Section 1:Deed, instrument or writing, whereby any lands, tenements or other realty sold shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her or their direction, when the consideration of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of the sale, exceeds one hundred dollars and does not exceed five hundred dollars, two dollars; and for each additional five hundred dollars or fractional part thereof, two dollars; provided, however, that in Barnstable county, the excise tax herein specified shall be one dollar and fifty cents for each five hundred dollars or fractional part of said consideration, excluding a consideration of between zero and one hundred dollars.The dollar amounts don't seem accurate, so I could be missing some other law elsewhere that I could not find.If I read this correctly, my interpretation of the above is that the tax is exclusive of any liens.

I think it will be difficult with the current next door tenants, who yell all day, play music loud with windows open, smoke weed on their porch, and often go outside to shout rap songs (badly).

I mean an instrument you file in the county records to show there is a lien on the property.

Tim been instrumental in letting me know:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Who legitimate or not lenders coming out of CaliforniaI believe he would be worth a telephone call and face to face meeting.