You can use your accounting background as leverage for a win-win relationship with a local investor for sure.

I primarily handle the marketing and rates, as marketing and hotel management are part of my background.  

I do not believe they do personal background checks though.The difference is in the designations. 

I have a legal background and am more assertive and the Tenants go through me for requests.

I also have some kind of language about that the house rental is not a guarantee, until the background check is completed. 

Commercial multi family is dominated by apartment developments filled with amenities and rents that were the first to reach the top of the market and the first to see rent decreases. 12 unit compares well to 3/4 unit buildings with some operational efficiencies. 

Hi Jay, that's a great introduction and it seems like you have an excellent background for real estate.I have to say it's surprising, like you said, to see someone focusing on RI vs. other developing markets like OH and FL, but with enough work it's still possible to find something that cash flows here, too.

I come from a structural engineering background, and I find comfort in calculations--the numbers don't lie.I confidently bought my first BRRRR (small multifamily) within 6 months of finishing the book.

In my opinion, it doesn't sound like a bad deal.10% is more than you would get in treasuries and corporate bonds36 months is not a super long period of time.Seems like you are protected with 1st position.I would just do some background on the company - How long have they been in business, financials on how the company performed for the past 2-3 years, along with some background information on the sponsor/founder of the company.Best of luck.

I’m 31 years old and have general construction background and my current career is a journeyman electrician.