Quote from @Brandon Lee: I’ve noticed more investors leaning on private money in today’s climate while others still prefer traditional loans.If you had to choose one for your next deal, would you go with private or traditional — and why? 

Somehow I hit this lottery ;-) 

In addition, the money you save can be used to take advantage of identified opportunities.My current view on traditional residential RE is that it is challenging.    

- Were the cash flow metrics tough to meet compared to traditional approvals?

People go get 4 year degrees in hotel/hospitality management.There are several folks on here that have invested in very small places like 8 units or so and I could see that working more like a STR vs a traditional hotel. 

I’ve held my license for over 15 years, though I only worked as a traditional realtor for 2–3 years in the middle of my career.

I also believe they implemented a lottery system on who actually can get a STR permit within city limits. 

This is an "Audit Lottery" playing. 

DON'T play Audit lottery

I know notes are kind of a niche within real estate, but I’ve found they open up some interesting opportunities compared to traditional rentals or flips.