If you prepay 15% you’ll probably get a 5% return.What we didn’t talk about was ability to acquire new debt, cash out refinance costs, cash flow implications, tax benefits, liquidity or risk management which is another post.My intention on my property is to prepay about 4% to move the cash out refinance for another property up by a year and let additional investment money ride elsewhere.

I am looking for insurance to adequately cover my liability as a potential STR as this is not my primary property.

Potentially more neighbors?  

Many will do subject to and realize in many instances the borrower on the other end typically does not qualify for traditional financing, so you are taking on that risk. 

This is because value adds require work and have a certain level of risk. 

That said, through conversations with brokers in the area (and evidenced in the comps I’ve created) I’ve learned that this strategy may be slightly outdated as most properties are currently at market rents given the current rental environment, expenses aren’t a realistic lever to rely on to add value, and there is a real risk I get priced out of the market by buyers with cash, 1031 exchanges, and with longer term hold strategies willing to pay an extra $10-20k per key.

Hi Olu, I haven't used it personally, but it looks like potentially a good option.

Potentially save on monthly cost of living while building equity in a fast growing market.

It is currently rented out to standard tenants but I am interested in potentially converting to a care home model.

I just talked to this guy to potentially use for one of my rehabs.