You could alternatively hold the property for as long as is necessary to break even but when you consider the time value of money and how money today has a greater value than money in the future "breaking even" in a few years may actually be losing money because you've lost out on opportunities to do things with that money in the meantime as well as you've lost money to inflation. 

I was wondering if there is an alternate destination such as the out-ish skirts of Indianapolis?

Alternatively they completed one unicorn deal in their life and then turn that into a course while failing to tell those who sign up the  years and years  it took to run down the one seller willing to agree to their loopy terms.

I'll offer it as a non-snowy alternative & we are the 5th largest city in the country!

I think STR is a good alternative for a second home that you STR most of the year and use for leisure.

Alternatively, there is Revnest.

You can alternately split your cash between different banks if needed.

@Sean PetrashTo find a suitable property for short-term rentals in New Braunfels, consider factors like budget, market realities, property type, location, financing options, contingency planning, STR research, alternative rental strategies, driving for dollars, property management, and long-term vision.

A lot of people like to tout that private lending is this risk free business alternative to owning your own investment properties.

I'm also already looking for alternatives using your process.