I was thinking Stamford at first, but the projected rents seem low for the area.I have one comment on the financing, you mentioned a 30-year amortization but then also mentioned interest only, which one is it?

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

Highly recommend @Lien Vuong she commented below and has helped a lot of our clients start of expand their investment property portfolio. 

@Audrey Sommer you have some good comments above (and some funny ones too) but just to confirm, what you were told is not accurate.  

Syndicators do this because most passive investors are not sophisticated enough to realize the "security" of the preferred return means they usually are giving up the potential for massive returns if the deal does well.This next comment would apply for all syndication.  

If you like this I'll like to hear your thoughts in the comment section 

At least not in the place where people are commenting.

I guess Air BnB is the newest hot topic.. nice southern gentlemen.. can't comment on his class or anything like that since I have not sat through it..

., I believe the heart of Jaron's comment is: in general, you will not find much better deals at auction.  

I have never used them so i cannot comment and how they are as a lender