His new business model is basically based on him helping people flip houses and he’ll help maximize their profits so if this got out that he screwed me out of the deal if made and brought to him it’s Ruin his credibility.

And while there IS free training sessions at KW, a lot of the good stuff costs money and is why their business model is so successful.Good luck with whatever you decide and I hope my points gave you some more to think about and to look into more options than simply those two.

His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?

Definitely depends on lots of factors - I would strongly suggest learning how to do basic modeling/underwriting and projecting the cash flows out in different scenarios 

We purchased it for the purpose of rezoning to commercial and expand our existing business model (workspace rental for people in the creative field).

I set up a model or chart to make the screening process easier and more consistent.

There are a handful of banks that specifically focus on the Profit First model and have their accounts built for it.The first is technically not a bank, it is a fintech company that partners with a bank to hold the assets.

We walked a model where it was nearly completed and the original buyer had decided to walk away, so the home was put back on the market at a $15,000 discount of the original list/contract price. 

I love the model and it does come with its own set of challenges (so does conventional leasing).  

It's also essential to stress-test assumptions, ensuring the deal can withstand tough scenarios.Using models or spreadsheets streamlines the process, but mastering underwriting takes time and experience, evolving with market changes.In short, underwriting involves dissecting financials, considering market trends, and stress-testing assumptions.