If you avoid risk at all costs, pay down the loans to get instant risk free return, of course if you fear risk, real estate may not be for you anyway.Hope I helped.

I would use this as a hard money lender like you saidborrow the money, season the unit, refi and pay him off.Though I fear it's unlikely he would go for this, i know I sure as hell wouldn't.Unless you have no other options I personally wouldn't pursue this option if it had to be long term.

I’m 27 years old with a good job with no kids so I don’t have no fear of going out of the state to obtain cash flow.

My guess is the companies that have "diversified" did it more for positive growth opportunity than for diversification purposes due to fear of markets.

Take that ‘FEAR’- Thank you for the offer to contact you should Regarding financing, I have you down as a contact - much appreciated.

With the prevalence and abundance of Granite, should I just go for my Super White or Princess White instead?

I only sold to investors NO owner occs.. for fear of Dodd Frankenstien.I love the note business.. we have sold over 1500 notes to our investors in the last 5 years with 2017 being our best year ever... once the investors get used to those cash flows and the way we set them up were its turn key note investing IE they don't have to hunt for ever to find them.. its pretty cool.

@Austin Tam...you are practically my mirror image :)..... my wife and I both have good paying jobs, no debt except the mortgages on our rentals....our house is paid off etc.....I understand the warm feeling of the "set it and forget it tenant", but if you are well under market rent, then you are making a mistake in not increasing the rent some amount- the current market rent in your area should be the big factor- I understand the concern with losing a "good tenant" and fear that the next may not be so easy.

My excitement is now louder than my fear, can't wait to get rolling.

Live your fears or live your dreams.