@Sol RomandThere is not much appetite for mixed use properties, in your case is especially (75% office space); business banking route might be an option; in Non QM mixed use are case by case and the rates are above 8%.

BTW, I've yet to find any real appetite for non-recourse in SFRs.

What is your appetite for risk, how much labor do you want to input?

I find it more useful to think of Cap Rate as a measure of market appetite.

I would join a Facebook group for local rentals to help understand the appetite for single rooms. 

There just isn't a lot of appetite in the lending market for these properties right now as the business model as a whole is under attack, leisure travel is being squeezed thanks to inflation concerns on household budgets, and affordable housing concerns by local governments. 

Year-end is coming so you could do 20k in 2022 and another 20k on Jan 1st. not sure your father’s Appetite for Risk, but he could put the remaining 60k into treasury bond ladder.  

In large part much of this information has been suppressed, by design.

@David Cunha, Most lenders are 20-25% down, but there are 1-2 lenders local in Des Moines that for first-time clients, can put 10% down and be non-occupied, but honestly, these local bank programs change by the month and the appetite of each bank! 

Make a chart because these numbers change as different banks have different appetites for use of their funds.