I would love to find a storage facility for sale one day or even one cabin in TN, but that’s later goals.

Your strategy could attract a specific niche of renters or vacationers looking for more than just a standard home.

The property use to be an assistant living facility and has been updated , along with 5 acres, and two multi units on the property along with 2 single family homes on the property.

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

Going to guess your PMC vetting didn't include asking questions about HOW they would execute their services.Below is part of a standard copy & paste advice for those looking for a PMC.

You'd be looking at a $4000-$4500 monthly payment on a standard DSCR if you paid off the HELOC and the 2.99%

In PA we have a 5 day standard period to review leases and ask for all info regarding tenants. 

So, they make the process of being an investor seamless and you having to do nothing as they after you closing turn into you management company with a standard 10% management fee (which I am okay with). 

The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay.

If so it’s good you are reasonable and don’t have an issue with it because there’s probably not much you can do about it. 10 years is the standard is many locations though they do vary.