Most people I know who own in Eden are terrified about violating the county's STR ordinance . . .yet the county seems very clear that they cannot effectively do anything about the unlicensed operators (last number I saw was that there were only 38 licensed STRs in the entire county, and at least 1,000 known STR units operating there).If you do set out to STR in Eden, do it with the highest degree of excellence and help us set the best precedents possible so that we can demonstrate to the community that hospitality can lift all boats, not just sink them!

sounds like you're in the same boat as me, just a few years ahead.

I'm in a similar boat, looking to purchase my first rental in Baltimore in the upcoming months.

I will also say that since you won't be able to buy for 3-4 years, you will have missed the boat and nothing will cashflo w with the way prices are rising, right now there are a few that do but they will be disappearing as prices keeps rising.

I am in the same boat and your opinions / experience would be valuable.

Marcus I'm in the same boat, trying to decide on the same thing!

I've tried journaling for many months and it just didn't float my boat.

I'm in the same boat!

I’m in the same boat. 

Here's a good habit (from the guy who had to learn to makes things simple after 30 years of making them complicated:Just write down on a piece of paper the basic terms that apply: The priceComponents of the priceDown paymentFunds due upon at possession Other Consideration Existing loan to remainAmount of Secondary financing (equity of carry back note, wrap, etc)Other non-cash consideration (car, boat, ugly yellow motor home, etc.)Addressing your original post, I believe, is that you keep the offer simple, can show the initial equity of the wrap 2nd either separate from the 1st, or since there really isn't ANY equity in your example, show the existing 1st as a component of the wrap 2nd your are creating.