This option maximizes the potential as it is income based, but rates/loans are more likely to be 5/10 arms or the like.

It won't help you much in South Dakota but the credit union that I belong to does 4.75% on either a 15 year fixed or a 5/5/5 arm amortized over 20 years.

He should be glad and not charge  you an arm and a leg so he can focus on other things now and have his workload more balanced throughout the year.I don't know if realtyshares provided you an estimate K-1.

I can't promote myself a FL Mortgage Broker on this site, so instead, if I were you, I'd look for something like a Stated Income ALT investor loan in the mid to upper 4% to lower 5% range on a jumbo loan at 75% ltv on a 10/10 arm, 300/240, no escrows and no PPP.And remember, use other people's money to make money!  

We would consider equity and points to the right partner and have a proven formula/track record to return double digits to our investors.

This may not work as well for you as variable rate real estate notes in the U.S.A. are not as attractive as those here (unless there is something other than an ARM which I have yet to encounter).

The local bank is super annoying to work with and is an ARM that adjusts in 4 more years. 

If you asked Bernnie Madoff what he'd give you, he'd say double digit recession-proof returns.

Also need 30 year amort and 5-7 year ARM is ok.

They have been more aggressive on loans lately and seem hungrier for business but this is on the commercial side for real estate so I do not know about their residential arm.