wink wink, if its in a grocery anchored center retail medicine would be a great alternate use.and I assume you are looking at a free standing single tenant building, especially if its a QSR....just very surprised there isn't some kind of a ground lease at play here, given the situation.  

If I thought for one minute that that area had a long term play I would never have sold and for sure the old used houses  NO WAY NO how for me..

They got in the game when rates were low and it was easy to find cashflow plays. 

Take it slow, create your path, see how it plays out with the first and then reassess.

Then they will verbally play along, say they will get the money and show them a second sign that says.

The BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—played a pivotal role in this growth.

Are you looking for a long term appreciation play?

I believe they likely will talk, they share a back deck and am concerned the different rates may negatively impact the relationship if that scenario played out.

With the median time to contract stretching from 21 to 32 days, it’s about playing the long game.

That’s a pure cash flow play - monthly interest payments hitting your bank account is a great feeling!