However, while I'm not normally an advocate of traditional routes, I do recommend going to college even if you do want to just do real estate for 3 main reasons:1.

Typically when purchasing a note and talking about refinance, it is referencing the introduction of a third party as the refinancing lender, again because the modification is the more cost effect route.

I think I would be giving too much away going that route.

I am leaning towards going that route and holding the property for two more years.Thanks for your advice.

If you are self-employed and your business qualifies you to have a Solo(k), then that may be the better route due to the much higher contribution limits and absence of UBIT on leveraged assets.

I will point out however, that if you're comparing a vending route to Self Storage, you are forgetting all the benefits of the real estate: appreciation, depreciation, mortgage buy down, etc.Okay, I could go on and on, and perhaps I'm a little bit biased since I own several companies that all specialize in Self Storage, but after investing in virtually every asset class in real estate - I have found Nothing, and I mean nothing that produces the consistent cash flow, and returns, with the fewest hassles, Than self storage.

Going that route means they may want every dime, but you can then come back with costs and risks of foreclosure for them to negotiate a better price.

I'd try the unsecured loan route if you have great credit and income and not use an HML especially for your first deal, unless you're buying at a great price.  

 :)If you talked to the seller about the Sub2 route and you can get the deal done with another investor (or get someone to make a good clean offer once you bring it to the REIA like you mentioned in another post) then go for it.  

Great stuff @Brian Gibbons taking the position of a financial planner seems like a great route to go and I will definitely start using that mindset as well.