It is a 4bed 3bath 3200sqft $1.2m custom homeBenefits- no HOA or rules restricting STR -1mile (walkable) from historic downtown or from the Rock park-house has nice views and is pretty secluded from neighbors and feels private-assumable loan with much lower than market paymentDraw backs- high price -no comps, new house in older neighborhood.

She'd have to invest some money to create this set-up. 3) Selling doesn't make a lot of sense, because in this market, she'd end up paying the same for a small place, condo, with less flexibility. 

The townhome itself is decent but nothing high end.

Prepayment penalties can be used to insure against an early payoff.The times I’ve used this technique to create high yielding note I enhanced the return by being able to sell the property above the price I paid.  

50% in high yield real estate notes, 50% in real estate properties leveraged 50%. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

If I could not find one on a property, I would note that as a safety concern and would highly encourage adding one for the safety of the home owners.

I like to make a celebration part of the end of every successful project and this celebration brought us through this area.

The inevitable end to "But this time it's different" chants. 

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.