Here are a two real situations that I'm having trouble determining:1. paying off short-term hard money when commercial financing was delayed  -- this seems permissible since it's not long term debt2. performing improvements on rental properties -- these were planned but delayed due to COVID-19 has put these on hold.Any tax pros or attorneys here than can better assist to what is and is not permitted use for our EIDL loan?

Anytime you will be filling vacant spaces or selling POHs, the most important task to perform prior to acquiring a park is a thorough market demand study.

It's a rough estimate of STR ROI and CoC, but I can tell by the numbers when a property will perform well or not.

Proud to say that it is completed and performing at this point.

Cap rate is relevant, but moreso in how it impacts our performance compared to metrics. 

For background, this is a stable, performing property with a plan to buy and hold for as long as makes sense.

This lets you keep the property and avoid taxes (if you were to sell instead).Why sell a performing asset? 

Seriously, it's horrific, the negative performance numbers are giant becomes screaming "run away, run away". 

At this point, an entity I created purchased the non-performing note from a private lender who originated the note.Because the borrower wasn't required to make monthly payments, we had to wait until the note maturity date to start the foreclosure process.

As Amish Tolia said you were light on some stuff but conservative on others and overall if it’s in good shape has a chance to perform nicely, especially if you included the debt service from the HELOC.If stuff at these numbers is attractive to owner occupants as opposed to just investors then exit is much easier (and more profitable) and you have a few thousand in pay down to include in your overall return.