Here's why:Positive Aspects of Petersburg:Affordability: Compared to California, Petersburg boasts significantly lower median home prices.

Since you're based in Los Angeles and looking for more budget-friendly markets, you might want to consider states like Arizona, Nevada, Texas, or the Midwest, which generally boast lower property values.

It also boasts the shortest estimated time to recoup the down payment among the three options.Option B: Provides a 7.375% interest rate with a 25% down payment from Bank B.

Quote from @Roger Flot: Its interesting because on their website they boast a 92% rent collection rate (even during Covid?)

I do not like to boast publicly.  

I've been eyeing areas like Oviedo, Maitland, Altamonte Springs, and Winter Springs, all of which boast excellent schools and are known for being safe and family-friendly.

I could sell these assets today and BOAST of a high IRR and equity multiple not to mention receive about $1M in GP promote for doing so. 

A photo with a Lamborghini and boasts are meaningless.

So if an inexperienced sponsor boasts "conservative underwriting" because they pace rent growth at inflation instead of its current, above-average rate of growth, but then underestimates cap rate decompression by 50 or basis points -- well, that's not actually conservative underwriting.

I'd say anyone who claims to "know the market" is a liar or a boastful goof who will get taken down a notch during the next major downturn.Markets change constantly.