I pull it monthly for Nomad so may as well share it :)  

Quote from @Daniel L Maya: Investment Info:Other other investment.

If you're going to buy Class C you may as well just leave your money in High Yield Savings Account earning 3.8 to 4.3% interest for far less stress. 

Once you make exceptions to your criteria, you throw your entire criteria out the window and may as well not have any criteria.  

As for the 1 bedroom route, at that point you are competing with hotels so you may as well be one.

I see this with my 2 bedroom that may as well be a 1 bedroom because 85% of my stays are 1-2 people, and many of the recurring expenses are about the same as my 5 bedroom across town with an ADR 2-3X+ higher. 

You may a have a lower rate on the first mortgage if you have one but in 90% of the cases a cash out refinance is the better option.For one it allows you to have one mortgage and avoid multiple liens on title and multiple trade lines on credit.

I know for sure the balance on the mortgage is 80K but the appraisal may as stated be low.

In fact the owner wont be able to do a short sale without a real estate agent, so you may as well refer to one.

They may a 1% spread on the piece they sold as a management fee and then will make money on their trancheWhat is not told is if the loan defaults in most of these situations the sponsor must buy back the loan including interest.