They sound great so trying to figure out what the real downside is and why investors don't always go this route? 

sounds like you folks need to get a Reciever in there pronto before all the funds if there are any go poof.

@Larry Nielsen Sounds like a very long term tenant if their rent is that low and they've been reaping the benefits of it being low for at least the past 3 years.

It sounds like there is some scale in the deal for a fix and flip, but you would surely be way out ahead of your skis to do that based on what you said.

Second position DSCR does exist but rates are even worse than HELOANs, I'd expect 11-13% right now.Getting a simple cash out refinance sounds like the simplest option, but if you can just get a large first position HELOC only that would be a pretty convenience deal.

They "started their own company" trying to raise money and on the website they had quotes from some people who worked at large companies making it sound like testimonial to this person.

However, from the stories I've heard it so far, sounds like it can lead me to the life I want for my future if I play my cards right.

It sounds like you’re in a tricky situation!

I don't know that Crexi has any information on the owners, just data on multi and apartments.Based on a Zoom call I was on last week it sounds like Crexi is stepping its game up trying to compete in the CRE world.

It sounds like it's a 2% income tax.