Great guy and excellent operator with great results.

I think it would fit my situation perfectly 

I have been able to find deals in the current market using the BP calculator that fit my buy box, but when I see that homes in that area are estimated to be ~30% overpriced and am watching in real time prices drop it leaves me unsure what to do.

If you have commercial experience and are an excellent asset manager (managing the property manager, driving revenue, reducing expenses,  managing GCs)You wont just provide value to a sponsorYou will be highly sought-after after by sponsorship groups.The ones worth their salt know how incredibly valuable a strong asset manager is (and how much work it takes)So if you can bring that skillset, I have a feeling it won't take long for you to find a sponsorship team. 

It sounds like you're taking a thoughtful approach to real estate, and the BRRRR method could be a great fit for you as it aligns with your goal of generating passive income.

., so only you can decide what fits your budget and your lifestyle best.  

What could I expect to have as current average loan interest rate and points/fees if I am a new accredited investor with excellent credit?

While I'm not certain about your current real estate objectives, I can assure you that this is an excellent platform to enhance your knowledge and connect with others in the field.

Jason, Thank you for the excellent and extensive information. 

Secured loans offer excellent short-term gains.