These will be converted to seller fi deals when I finalize the purchases.

I managed to secure owner financing for five years at 6% interest on half of the property cost, with a 7% rate on the remaining financing.

Sheri look and see what the city is planning and see what going on with homeland security a few more big names just said they are coming over there and look at the Good hope area where the city is putting  millions on grants to redo the store in the area on the mayors page so do a double take on that one.

'so compare that to Texas  Governor would have brought in 10k acres and it would been praised up and down the isle.. the state of Oregon had a chance to secure their tech future for the next 30 to 50 years and just blew it..

Quote from @Daniel Kulik: Thanks for the response @Simon W., I definitely agree with the accounting piece, what are you thought on the legalities side of this.

Financing is Crucial:As you're diving into PRO investing, understanding how to secure financing is crucial.

Security.

I still plan on personally guaranteeing the loan to secure it. 

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

As for SFR a pre approval letter is of value because most institutional lenders will close the loan with the main qualification being the buyer himself, as long as the property appraises for a certain value.Loans secured by commercial real estate are much more dependent on the property itself and all its characteristics, not just the appraised value.