Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

Geez, I'm just trying to get a second look at my math for the current situation.

To get things started was curious from those that have already taken the leap as to what type of secondary analysis you all are doing when you find a potential property?

Hi, I own two warehouses with 3 siblings, and we have 3 tenants in the buildings. I'm the sole manager of the business and the properties. Currently I'm looking for some kind of methodology, software or app, that I ca...

Simple math I think. 

The seller was willing to take a secondary position on other property assets and provide a 3yr 4% interest on his loan.

.- Short-Term Rentals in Non-Traditional Markets: Secondary markets like Florence, Alabama, are ideal for short-term rentals.

from my advice rural properties and developments aren't successful and you are climbing an uphill battle. sounds a little niche. we focus on developing and not reinventing the wheel. if this is truly what you want to focus all your time and energy on then visit the closest 5-10 of these that look like the ones you are interested and ask if they'd expand or build a secondary one. do a lot of research before you just take action 

Calculate the blended rate, your decision as to what to do (2nd or 1st lien refi) is all in the math!

Uptick in action in the secondary mortgage markets I suppose?