It is the interest rates at which banks lend to each other and is short for Secured Overnight Financing Rate. 

Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.

For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!

We don’t try further diversification by investing in residential mortgage loans, mortgage loans secured by property outside the U.S., loans not secured by real estate, or loans secured by farmland, recreational land, or oil and gas ,mining.  

However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals.

Work with a 1031 intermediary to ensure compliance and a smooth process.Key questions to ask yourselfWhat’s your long-term goal?

This ensures you have a proof of concept to show the commercial appraiser.  

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Yes, very interested in investing and would love to own a few multi family properties, here in state.My immediate goal , so far, is finding investors to secure my proposed properties.What's your strategies?

You also will still need to manage your property manager  - ie, stay on top of expenses, ensuring your property is being managed effectively etc.