The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced. 

This benefits me, because I'll still collect the rental payment and have the ability to evaluate the tenant before anything more long term is signed.

I am also an investor that does flips, has rentals, lend my own money, has owned STR and have been a member of the local REIA for over 10 years, So hopefully my experience and network of other investors could prove useful in evaluating the potential of the property and possibly attract a partner if you need. 

One of my biggest concerns is evaluating properties.

I actually have two clients right now seeking some evaluations due to flooding (we have had CRAZY rain the last month!)

This will help inform what other factors you should be considering when evaluating the investment.   

Seeking guidance on:- Filter Criteria: Key factors for evaluating multifamily properties in Texas?

I am wondering if building log cabin is going to create more equity vs buying an existing log cabin?

Multifamily homes often require more maintenance, so factor in potential repair costs when evaluating a property.

We are going to get an appraisal soon, but based on real estate agents evaluation and comps, we are looking at ~$500k as a current value.