I am located in Northern Utah and would love to invest locally, but it does not seem feasible for my strategy and financial position.

They asked, “why do you care about junior lies when you are in first position?

You can learn together, share positive and negative experiences and learn how to be more successful as an investor.

@Steve Maginnis thanks for the positive and vote:)

Also having a higher proportion of revenue generated through the residential component of the building does make financing easier. (3) The exception to the 80% rule I abide by is when the commercial space is leased to a credit tenant with a proven & sustainable business  or where the space presents the opportunity to attract a neighborhood amenity F&B operator (this is most beneficial in instances where you have a larger localized portfolio where these commercial tenants can positively impact the value of your overall residential portfolio).

Sadly, I've never heard anything positive. 

Quote from @Brandon Croucier: Well once the loan is Originated there’s no taking one out and adding another, I wouldn’t touch a blanket in that position then, there will be difficulty taking one out/penalties, definitely just suggest a cashout refi.

Nonetheless, with your current mortgage rate and solid equity position, it’s definitely worth considering getting a good, respectable tenant in there and watching your equity grow.

My position is new in Vegas so I am building my own portfolio, direct contact with me, no 1800 # bs. 

If you're in a position to self manage and start a PMC then I vote go for it!