For this reason, I would take inventory of the local banks within your target markets that offer financing options that best serve your real estate needs (again, usually the smaller local banks), and build depository relationships with them.

Typically, the mobile home funds can achieve very attractive COC, a somewhat recession resistant business model, decent upside as well.  

I hope you can achieve your ideal lifestyle.

But then I remember I am an expert in my market and know which areas are better suited to my target goals.

{ARMS are a different beast again}) to achieve anything beyond a token reduction in interest paid.  

If you purchase a rent ready RE investment this could be 0%, but at the opposite extreme a good brrrr can produce the now elusive infinite return (I have achieved this on most of my RE investments but believe it is very challenging in the current market to bp not be cash negative after the refi to extract the added value.I expect to make an offer this week.  

Chris can you share how have those couples been able to achieve the 750hr requirement?

Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.

Even when they miss their targets by 57%, you as an owner have zero recourse.

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.