For essentially one large slab/climate building I think roughly 25,000 sq. ft. is a decent estimate depending on set backs etc. 

If you've got a big enough day job to back up the mortgage then you'll qualify for 10% and you CAN put it on vrbo when you're not using it.

The tenant notified us that they will be moving out at the end of July when their lease is up.

I will be back at the track in no time!

If at the end of the term, you want to refund them the $45 that's up to you.

Banks/Lenders use a theory that if an investor encounters a loss be it in income, death, divorce, major sickness, or any other set back they are more likely to let their 2nd lien positions go in default before a 1st lien.Reason why I say this is although you have a great rate on the first mortgage you need to let it go and do a "Cash out refinance".

It'll be more work on the front and back end but can be a great way to make money.

Let’s say, for example, they needed that capital back for something else.

Did you end up finding a good template or putting something together that you could share?

I was wondering who you ended up going with?