I wouldn’t be surprised if it’s  a marketing gimmick to get potential borrowers through the door through  weirdly worded non recourse language that is effectively recourse or by offering such terrible leverage borrowers would rather have the recourse and competitive terms. 

Build an emergency fund to cover unexpected costs, and ensure you can manage the mortgage without STR income if needed.

If it's revocable, then there should be options but it's important to let them know up front so there's no surprises.

As a creative professional historically "allergic to math," I never thought I'd consider real estate investing, but life is full of surprises!

As an investment property owner, this means less maintenance and fewer unexpected expenses from storm related damage, often resulting in more affordable insurance premiums, less wear & tear on mechanical equipment, roofing materials or exterior surfaces.

@Kasondra Milton- hi there ...thanks ...Raised in the fairport area ...live on west coast now ..last summer I had to return to Roch area to help with a family illness  situation ...I stayed in a AIRBNB that was close to Strong hospital for 3 weeks ...in my search for places - I must say I was surprised at the lack of options ( at least at that time ) ...that being said - I agree with your comment about the fact that Greater  Roch  likely  wont  attract a large amount of renters consitently  ( outskirts  like  finger lakes are a diff story ) - thanks and good luck

I'm surprised they were able to do a 1031 under this structure.

You’d be surprised how willing people are to help if they see you're genuinely motivated.

Did you encounter any unexpected hurdles in the resale market?

There are ups and downs, and as you have been in business for 9 years till you closed it, there are unexpected turns, or expenses that you really do not see around the corner.