This business is a thinking man's game...solving problems is what we do, this is just the first of many. 

KarenGenerous of you to help out this friend.

This ^^^

Cash-out refinance: this is a little painful with current interest rates3.

An example of this was buying a note at a significant discount, and then offering to half the interest rate if the borrower agreed to double the payments.  

Hope this helps.

This is in comparison to a rental where the government is not your co-signor.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

Congrats on making a mental commitment to this industry.  

My thought is if the numbers align one of our client's might be interested in sub-leasing for Airbnb Arbitrage.