They also have a yellow themed unit and a blue themed unit in the same complex.

. ;-) Of course, it's a mere 8 hours to the ocean, you've got me there. 

@Mike JohnsonWhen you say Jersey shore, are you referring to Monmouth and Ocean County or further south? 

Its a bit different than in Florida or Blue Ridge mountains where all your guests travel by car. 3.

I still think its kinda wonky that a person should just issue a note "out of the blue" sort of, for one property with no experience doing private lending. 

great neighborhood obv 3yrs went by since the OP, but now the avg price is 585k in the neighb, i got a 2fam around Ocean ave and Bidwell around high 300s in 2018, planning to sell next month for mid 600s. 

I just did it recently for a client of mine in ocean county NJ.

Ocean sounds and beach walks are priceless. 

A lot of independent contractors or blue collar workers reside in these areas as well (trade skills are prevalent). 

Wholesalers today, they have endless oceans of buyers, ENDLESS.