It got got a good rating (4.6), not that it is always a good indicator.

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.

I just saw the webinar, and had to do a search on ratings before it was over.

What is your rate currently?

Eventually I realize that when I think about living on post-expense rental income, I’m treating the income as the “withdrawal rate”, in Boglehead parlance.

@Brandon VanTuinen  FYI the appreciation rate in City of GR is around 6% right now, so you're making around $24,000 a year just living there.

We were discussing options for payment as we don’t have a lot of capital at the moment, however they have a property that has a bit of equity we could tap into, but they already have a favorable interest rate.

I'm interested to hear about this due to rate hikes and optimism in the real estate world coming in the year ahead! 

I’ve got some buildings with great interest rates that just won’t cash flow with less than my original 20% equity.