Also be honest with what you want and how much time you have. 

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

My name is Meghan Carson, and I’ve been on the site for a while commenting and connecting, so I thought it was time to formally introduce myself! 

An investor who has participated in a subject to transaction without lender approval should NOT assume that they are safe from note being accelerated because a certain amount of time has passed.  

I appreciate your time.

Take your time, be wise, and time will reward you.

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

 @Jason Dubon Jason, that’s awesome—you’re already taking action, which is half the battle!

Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.