I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

You typically will see small banks/credit unions probably wouldn't be able to out-of-state, but otherwise any mid-size company or larger should be able to.

(I don't have $10k liquid, are there other options or do I just need to save-up for a few months?)

Also, if you have a below market interest note, if you wanted to sell that note for any reason in the future for liquidity you would be affecting the value of that note negatively.

With less capital, you can purchase properties or larger stakes in projects, allowing a more diversified investment strategy.3.

This would provide liquid cash to reinvest or use for other financial goals.

The financial of property is good:      DSCR = 1.3; LTV = 45%;Both my liquidity and net worth passes Chase's test.

How are you coming up with that much larger market rent for all those units?

So I ended up using 0% interest business credit cards which I liquidated to purchase and renovate my property (total credit limit of about $95k total).

I toured the building, observed each apartment unit was a 2 bedroom, and was significantly larger than 2400 SF.