The issue is that it does eat into my free time, which is very precious to me (I also don't have a lot of it).If I want to exit I guess I can look for an institutional buyer at around 5% cap?

A friend of mine wants to buy some land behind his house in southeastern MA.

https://www.redfin.com/city/14804/AL/Orange-Beach/housing-ma...

Here's an overview of some common types:Traditional Commercial Mortgages: These are conventional loans offered by banks, credit unions, and other financial institutions to finance the purchase or refinance of commercial properties.

Quick update: Rockaway Beach OR has instituted a CAP on nightly vacation rental permits.

Anyone know of an institution/bank/whatever that lends in WA state willing to do a purchase money second up to a 90% CLTV? 

Hello everyone,I'm currently living in Massachusetts and house-hacking (mid-term rentals).

You could reach out to Kevin Kim at Geraci LLP in CA who's firm does securities and PML law in all states and is intimate with CA, OR, WA, and ID laws as well as corresponding state specific financial institutions governance (in WA it's called DFI or Department of Financial Institutions) and how to navigate their expectations accordingly... 

But those types of numbers are typically in the 'rarified air' of institutional investors that are looking to park $100 million for some low rate of return.  

I"m a Top Tier Certified TC in the creative space.