Its possible she sees some kind of weakness there for her to exploit and is testing the waters of what she can get. 

- Have you stress tested the deal to see how low vacancy could go to still pay your mortgage?

-Jake Hey mate,These guys are the best IMO and have all stood the test of time:REI NationJWB Spartan InvestThere are others but don't know much about them.I have stalked the above 3 for many moons 👍Much success

- Ah, so this is a question because I want asked for that reason but also to test the loan officer.  

In my test run of Tenant Turner, the salesperson quoted me the exact same capabilities, features, and cost as Showmojo.  

One piece of advice I would recommend if you want to go FHA is getting to understand the self sufficiency test for 3 and 4 unit buildings. https://www.newcastle.loans/mortgage-guide/fha-self-sufficie... 

The primary test used to determine whether an instrument is a security is the Howey Test, which originated from the Supreme Court case SEC v.

Any well-run NOO STR close to the nightlife/universities/sporting events does well, along with medium-term rentals for travel nurses, people giving Nashville a "test run", etc.

I’m new to the note investing space and want to start off with buying a partial note to test the waters.

Perhaps a tool like this could help spot supply-demand imbalances and/or misspriced lots; then those under-$40k lots (avg) could be bought & resold for 1.3-1.5x.Here's a public test of the currently listed lots, three per state, suggested by the tool:GA:- https://www.realtor.com/realestateandhomes-detail/Ralston-Ga...- https://www.realtor.com/realestateandhomes-detail/71-Laurel-...- https://www.realtor.com/realestateandhomes-detail/Aubery-Ln-...ME:- https://www.realtor.com/realestateandhomes-detail/68-Quarry-...- https://www.realtor.com/realestateandhomes-detail/9-Surry-By...- https://www.realtor.com/realestateandhomes-detail/Sunset-Hil...NC:- https://www.realtor.com/realestateandhomes-detail/Old-Crows-...- https://www.realtor.com/realestateandhomes-detail/Turkey-Run...- https://www.realtor.com/realestateandhomes-detail/Bear-Cliff...NY:- https://www.realtor.com/realestateandhomes-detail/Hemlock-Ln...- https://www.realtor.com/realestateandhomes-detail/Middlefiel...- https://www.realtor.com/realestateandhomes-detail/231-Burke-...PA:- https://www.realtor.com/realestateandhomes-detail/Purple-Mar...- https://www.realtor.com/realestateandhomes-detail/14-Pocono-...- https://www.realtor.com/realestateandhomes-detail/Billy-Ln-L...VA:- https://www.realtor.com/realestateandhomes-detail/Dillards-H...- https://www.realtor.com/realestateandhomes-detail/Egypt-Bend...- https://www.realtor.com/realestateandhomes-detail/Riverbend-...The areas where the tool "looks" were pre-screened.