A wrap-around agreement is a type of secondary mortgage financing and involves the buyer paying the seller directly for a residential property — often at a higher interest rate than the original mortgage.

Here is what is good: in Colorado they pay 9 points above the current US Federal Discount Rate (which is 5.5% right now) - so that would be an interest rate of 14%+.

I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate. 

I am happy to expand on topics of rates, cities, etc.  

Because one of the best things about investing in real estate is the tax benefits. when you invest with your SDIRA, you do not get to take advantage of those benefits. but with notes, where income is interest income and typically taxed at ordinary income rates - that is huge if you can defer or not pay taxes on that income.

With the grace and mercy of GOD I will own my 1st Real Estate Investment property before the end of this year this will be 1 of many as I plan on retiring early so that I will be able to enjoy the fruits of my labor and help others where needed 

This will have one more bed and bath which will bring a higher nightly rate but I'd be happy if it performed as well as our current STR.

If you bought under market, put at least $10k in rehab work you may refinance 75% of the new appraised value, (can exceed 100% of the cost spent, however there is a rate adjustment) 

In most of these cases, you will be drawn in by 100% financing and be limited to an LTV ratio anyway; you're just stuck with a higher interest rate.

I then proceed to show them comparable sales in the area and a report we pay for that shows projected appreciation rates based on a variety of data. 2.