Great response to the previous post - so I thought I’d share another hi yield note strategy, although this one is more a note arbitrage play.  

They can help you crunch the numbers and make an informed decision based on your individual financial goals.Best of luck with your new investment property!

My guess is on FFIEEC call reports you can dig into that information, I am sure someone will publish it

Thanks to the strict rules and procedures here on BP, we get to enjoy true learning information rather than sift through countless spam posts.

However, speaking to what @Michael Baum post says, something in the neighborhood of 500 a night isn't unheard of up here. 

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

I’ve been doing that with a few market recently, I try to spend a week just online trying to figure out the different boundaries/different neighborhoods, what the dividing lines are, what type of housing stock is there (I only focus on post ww2 brick for instance) than figure what the yields are in these areas, and then decide if the yields are decent enough on risk adjusted basis to bother to invest.

A good PM can also help you evaluate deals and cross-check information you get from a REALTOR. 

I've requested a dec page from the seller for now, I'll keep you posted.

Thank you for this post its most interesting and if this is country wide then your looking I think at the same thing that brought down the US lending / RE market in 08  Neg am.. loans and folks that all of a sudden could not afford the adjustable rates.