It’s great to have an appraisal that shows higher value but markets are changing rapidly in some areas and unfortunately value is based on what people will buy it forQuick question to the OP: have you physically visited this property ?

The Casino was packed but not many people shopping around the town or at the beach.

Unlike traditional real estate notes is something that is easy to do from afar since you do not get access to the interior anyways so there is nothing you can physically inspect.You are correct that you will get $500-$600 a month in payments but also recognize its taxed at ordinary rates... 

The wet signed physical piece of paper is the actual collateral for this deal. 

Currently, they track their expenses by keeping all their receipts and invoices in a physical book that they hand to our accountant at the end of the year (poor guy, lol). 

Once you're situated with being able to put a healthy downpayment + quality reserves, decide to leverage in physical REI. 

Sure, I've scoured Zillow like it's my job (which, let's face it, it sort of is), but the only properties I find are nestled snugly in the heart of the Midwest, a land as foreign to me as quantum physics.

There's no value at risk metric for real estate besides your fixed rate debt and obligatory physical expenses to maintain the house.

I'm Kalli from soon-to-be Idaho (travel physical therapist and been state hopping), My partner and I have been very curious about real estate investing for a couple of years now.

I got physically and emotionally depleted, and I rarely had time for any life outside of rehab, rent, deal with tenant problems.