Whether the outstanding loan balance would be a distribution or a rollover could be a significant factor in how you choose to proceed.

Real rates (factoring in inflation) are already basically at 0%, but I think they will go much lower.

There are several other factors that could weigh into the final verdict: phone coverage, internet speed, phone purchase specials, coolest commercials, etc.… Then, after you go through the entire purchasing and set up process, you end up with something that costs you more than what you were promised in the ad, begging the question, did I pick the right company?

A credit report pulled for a mortgage lender is different than one pulled for a car loan because the risk factors used to generate each of those reports are different.

That case also gave us a multifactor test to determine if a note is a security based on the motivation of buyer/seller, plan of distribution, reasonable expectations of the investing public, and other factors that reduce risk. 

With my current lifestyle I don't know if I could go back to BRRR / house hacking . . . so it's all about your own personal goals and life situation.If it helps, I had no rehab experience going into my first project.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

Even at the current below market rates the deal will still cash flows $130/mo per unit, after factoring in 10% vacancy and 10% maintenance/capex.