In 2023, I invested in some Norada Capital Management 7 year Promissory Notes and last week less than one year after signing the last note, I receive a "form" email addressed to "Valued Investor", dated June 20th, 2024 from Marco Santarelli, who signed the letter as CEO & founder, that interest payments were being suspended until further notice without any resumption date.

However, rezoning now could still offer some advantages depending on your long-term goals.

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

I agree with @John UnderwoodI remember you posted about arbitrage last week. 

Lastly, what’s been the biggest surprise about being a landlord so far?

Current owner says there weren't impacted the last time it shutdown.

For the 15 + years I’ve been on BP I’ve seen this reasoning, though there’s less of it in the last 5 years.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

“Backed out of a deal because we aren't allowed to do business in Texas" -Zach, we just closed 224 units in Texas with a past student last month.

Republicans blocked it passing last year so they didn’t give democrats a win before the election.