@Robert Miciu sorry I meant selling not buying (benefits of renting vs selling)

In short the random person forecloses on your property, taking it for only the 1st lien position holder (sometimes 2nd or 3rd can step up but rarely do they actually elect to do so for some unknown bizarness in the world of banking). 

It's not meant to circumvent the costs of insuring each property.

BTW in your original post I assume you meant 160.66’.  

Your point about Pebble is right for sure, I meant more so for the future.

Given the social unrest and upcoming elections, things may get strange later this year. 

There was a specific person, who was opposed to self management, on the city council that lost re-election, and I was pretty happy to hear that news! 

Rates are also always lower leading up to an election (who knows what will happen afterwards!) 

My intuition tells me the secret sauce of your model is with third party partnerships.My comments are only meant to generate thought and not to crush dreams.

I’m not sure the ROI on note investing, so I’m not sure if it would out perform my 401k elections.