Sounds like the rate you got by buying down a point would also be in line with what we offer as long as credit and the appropriate amount of liquidity are there. 

Kinda nice because now you get to be the bank and collect payment on your terms, instead of the OTAs using the guest's for their own liquidity need until they pay you out. 

Some other information is that I have $75K liquidity and $140K of equity built into my current residence at a 2.625% interest rate.

Hey, I have $80K-$90K liquid money.

All are current on preferred returns and I’ve had one liquidity event ahead of schedule.

A few things to consider when starting out:1) Be sure you have liquidity for the down payment, but also a healthy reserve account, since unexpected costs will come up while owning real estate. 

However, it is clear you have an unusual partnership agreement so it is best to consult a CPA.On the other hand, real estate is not a liquid asset. 

Hi Kevin, the closest think I can think of for you would be to have a partner who supplies the liquidity on your Operating Agreement.

I know I would not want to do 80 deals in an year for a whopping 80k... seems like a low returns for them.. granted apr is spectacular but then again you need those funds liquid so your drag on funds ( from lender perspective ) can be pretty great..

Could be an option to avoid liquidating your investment portfolio.