Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

We are in the early stages of seeing tokenized assets.

Before listing it, I had lots of expenses, including painting, floor refinishing, plumbing repairs, staging, cleaning, etc.In a 1031 exchange, I purchased two small multifamily homes which also have some roof work, painting, plumbing, etc. 

Not sure where your STR is located, but you might want to look into local STR management companies that also offer staging services.

Time to me is 1000x more valuable than money at this stage of my life and if I would much rather take the money I earned and diversify my portfolio into passive investments because I am too busy in my active life.

For collections in Southern California, try Sutton Law Center or California Judgment Enforcement.

Buying near a trauma center or university is a solid plan for later, but getting experience with a simpler rental first can save you some headaches!

I know as the Lender, I always have the option to modify things but the NoD helps set the stage if the borrower doesn't act or respond in a way I feel is beneficial to getting the project across the finish line and me my capital back.     

The notes are all on commercial properties (office, warehouse, shopping center, mixed use or sometimes multifamily)The properties are either vacant or occupied by tenants, not owner occupiedThe property value is usually higher than both the UPB and the legal balance, sometimes significantly higher than theNow it is important to mention that I have very little experience with issuing notes and buying performing notes.

That area does have its share of crime, but with SLU and Grand Center nearby, it's definitely manageable, but not for the faint of heart.