A return of 8-12% is generally considered good, but it will depend on your personal goals.Risk with Repairs: Major repair costs are always a risk, especially with a wide range like $145K - $200K.

These loans are typically secured by real estate assets and can be repaid once your cash flow improves.Mezzanine Financing: This combines debt and equity financing, allowing you to borrow the needed funds with the option for the lender to convert debt into equity if not repaid on time.

@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable. 

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

From there we decided on Melbourne because of job security with the space coast.

is this loan secured by your primary residence as a HELOC  or are you borrowing against your stock/bond portfolio ?

Nothing was noted or said, other than make sure you have security in place.  

OpenAI, the company behind ChatGPT, has secured a full-building lease at 550 Terry A Francois Blvd in San Francisco, marking the city's largest office deal of 2024.

What strategies have you found most effective for securing financing in a competitive market?