They ran a scheme to steal MILLIONS of dollars from potential borrowers. 

Well, those properties will statistically attract corresponding Class B & C tenants.So, how should an investor account for Tenant Payment Performance/ DEFAULT in their analysis? 

And yet 1000’s, 10’s of thousands, maybe millions of people invest in those areas.

@Michael NguyenA lot of it depends on your market and what is more available and attractive. 

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

In some very attractive markets like coastal cities I can see it being worth it not to rent the unit or rent it only under very limited circumstances in the low season because the high season is just too lucrative to allow anything to affect those bookings.

Additionally, last week I received this email from them as well...seems like a rob Peter to pay Paul scenario...none of which sounds good...Secured Note | 17% Interest | 12 Month TermMy partners and I are raising $5 million of short-term expansion capital for the Money Is Mastermind, our exciting and profitable growing business.We have roughly 1,900 paying members with a current valuation of $43 million.

Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!

I have sold over $200 million dollars worth of these types of properties in the Cleveland / Akron market and guess what?

Kentucky keeps eating!