Thanks for the input from the Realtors, @Mel Jones @Matthew Mazur @Aikane Belez,  I guess my response to the Realtors is that I'm unable to reconcile the situation knowing, all else essentially equal, the sale of this $2MM home is roughly the same amount of work (hours) and expertise as the $400k condo, yet the cost of the service is vastly different.

That essentially gives you 1.5 - 2 times rent predicted now.

Discover the essential tools needed to analyze property and how to apply them.THE INTERNAL RATE OF RETURN (IRR) TO AIM FORThe IRR should reflect the degree of risk you’re willing to take.

More or less what I’ve done is essentially carved out 1 hour of time for deep work every morning to focus on my one thing.

The plan you describe is the plan we are essentially pursuing out here in my corner of California. 

Instead, rather than panicking, we were able to quickly shift gears and cater our units to people who still needed a place to stay, such as essential workers and people in quarantine.

Following this, oil prices going through the floor in 2014 put a couple of extra years on the clock. 

Would this essentially be considered a secondary lien on the property or is it viewed differently by the bank? 

I currently bought several parcels of land for billboards...also in my area there are several gas and oil companies in the process of being built.

Our passive investors love the returns we provide and they really don't mind giving up more of the ownership because they see we deserve it.This makes much more sense Michael, using vertical integration to reduce costs essentially is delaying payment to the PM and construction arms until the refinance.