Is the marketing money better spent elsewhere?

I just don't know where that stops or where that ceiling stops, but because it's still so new, there's probably going to be a lot of money moving into that area as a new vacation spot. 

Hard money

I understand the term "over leveraged" to refer to situations where an investor has borrowed more money than the value of the properties.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

@Eric L. as  @Lucas Miller mentioned I would definitely pursue it because money chases good deals and not the other way around.

The fact that you have 8-10.5% interest rate and still cash flow is impressive, but I'm guessing part of that is because you put a lot of money down. 

Many investors are too use to quick money over the past decade.  

If you don’t plan on working as a traditional agent helping people buy/sell properties it may be best to save your time/money and just dive deep into wholesaling. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.