And also that rates are just going to continue to be an issue, so it's likely something to plan for in rent rates and/or overall investment costs. 

It's effective interest is similar to Mezz-debt at current rates but a bit lower.   

Without a meaningful WHY, your failure rate will be higher.  

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck

I would put it out to local event planners and wedding planners as they could send you a lot of business.I also would want to take this furnished, you would need a very good designer and it would not be cheap to recreate it how it is in the photos.

Congrats on your success so far.Some random thoughts for you:- It might be difficult to tap the equity in the rental at this time given the current state of interest rates. 

Boots on the ground is hyperlocal, and what you're looking for is essentially cheap labor that can open a door when you need it.

Labor is also cheap here. 

I looked at the rental trend over the past 10 years, I should be fine in year 7 for the refinance unless rates are totally out of this world.Your right those rents would be really low for Stamford. 

Consider a quarterly bonus based on occupancy rates, maintenance cost savings, and overall revenue growth.