., the rental agreement contains one of the “10 Deadly Sins” as set forth in Wis.

They care about making money and protecting their asset.

Then again, if you’re talking about a mortgage on your personal residence, and you live in a state with an unlimited homestead exemption for creditor attachment like Texas or Florida, there’s an asset protection consideration as well.   

So while cash is necessary to keep the property afloat, I invest more for the appreciation of the asset.

Quote from @Justin Jefferson: Hi my goal is to also create ownership and build my assets for the future.

It is very hard running a fund and paying 9% with performing assets at such a small scale and making it worthwhile for the fund manager. 

Plan is to start with cleveland and accrue few assets and then scale to columbus,pittsburg.

Enforcing the "waste" clause (neglect or destruction of part of the asset backing the note will simply lead to foreclosure anyway). 

Whatever you buy you likely won’t keep it down the line as you better define your investment strategy, so my advice is to pick an asset that’s going to teach you the most in the quickest amount of time.

There is now some positive cash flow (not much considering the value of the asset, but a lot considering where the initial cash flow was).