If answer is NO then run from it, don't have anything to do with that property but look for another one.

What would concern me is the unit you bought 2 years ago has basicly no appreciation , based on this unit as a comp . 

@Soup NikkI am in The wrong type of syndication as a GP.As an LP who also invests with find those fees to be very high and many are front loaded so the GP has little to no risk (even having fees to guarantee the loan…) you are taking on all the risk and the upside to me is not worth that risk.

If i get the house rented before the end of the month then I have no problem but it's not looking that way.

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.

You'll live a much happier life.it's just as simple a matter as those who have been through it before and paid to stay, aren't as afraid when they get the first notice that they're going to be in the street as someone with no experience with the court/eviction system.

ITs certainly in the ballpark but I think you can do better most likely - especially with your experience of owning five rentals - certainly some options here on BP to shop around - but the rates and points seem a tad high - you could probably secure something with both a lower rate and origination (and potentially no appraisal cost as some Hard Money Lenders don't require them)

., almost no ones old enough to remember that reference :).

Here's what I'm seeing on airbnb.com/performance as well:

No investor is paying $850k for a 1,000 sf house.