Will you lend to a retirement plan (which will prohibit a PG)?

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

I am planning on not resigning my lease and starting of my RE venture. 

The plan would be to move out after a year and rent my side out for $2,500 (market rent price).

At the time, his offer was low, and I had potential plans for that space, so I turned him down.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

If your starting with one 6 plex and plan to keep long term.

I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out.

Otherwise you have to plan for worst possible results.