What they teach in the course is very identical to what's on the test so I did a lot of memorization and passed the first time.

My thoughts are that typically within 7 years you will want to refinance to cash out the equity to invest in another property so having a 10 year maturity is not useful.

It always needs to be a factor when analyzing a deal, but as we 'mature' we can do more value plays and pay attention to the big picture which involves NW and IRR more than whether something gives you an extra hundred or a thousand dollars a month. 

@Jeffrey NaegerSo when does the HML mature? 

I haven't done anything of that mature yet.

This is great when it happens because your yield to maturity really spikes, because whatever discount you purchased the loan at is being caputred a lot faster than if they just paid the normal P&I every month.  

. - Young/Mature adults - Reliable, little more caring and responsible.

We have LTRs in several markets as well as a handful of STRs in/around Gatlinburg and 1 STR there nets more than all of our LTRS together.Long distance management is not an issue here as it is a very mature market with LOTS of local resources.

This proves identity and gives you financial recourse if they damage the property, steal appliances, etc.The questions they answer are also a great pre-screening tool.

This is a stable, mature industry.