The entirety of this project was financed by a HELOC, and at closing, we will wipe out our debt incurred to complete this project.

Its not like ill be using Heloc the entirety of the loan. 

I've been an STR host for 2 years for my 2 STRs,  I want to do this for 2 or 3 more years and build up as many cabin clusters (starting with the 10 I'll own this spring) and maybe additional SFH, as much of a direct booking presence as possible and as much goodwill in the OTA listings, then either sell it all to someone or hire someone to operate the entirety.

Yield assumes that the cashflows are reinvested at the same rate of return and periodicity for the entirety of the life of the asset.

One being that you are only able to utilize the entity itself to roll the entirety of the proceeds into a new asset... which is not the ideal scenario. 

Here is a link if you would like to have a listen. https://www.tardus.com/income-...Your perspective keeps coming from an accumulation or arbitrage perspective assuming someone uses leverage to invest in a note and waits the entirety of the term of the note to do anything else.

You would need to read the entire contract however, since there may be grounds to void the contract in its entirety if the PM company isn't doing that which they are required to, such as keep accurate records.

Having read it in its entirety a couple times all I will say is that all things being equal I would take the guru with 90% income from real estate dealings over the one with 90% income from education dealings any day.

So, if your BRRR budget uses the entirety of the $80K it would make me real nervous because then you don’t actually have free cash to cover that bad case scenario.

Thanks for the suggestion @GlennMccrorey.I just listened to your podcast in it's entirety...