You can wipe out the 75 BPS higher by getting the seller second financed at a lower rate thereby blending the 2 rates downward on average.If the seller has only minimal equity in the property they might not be able to hold a second as it wipes out any proceeds they get at closing.

If it turns out to be SBA then you might want to do this.If the lender allows use a 80% ltv and put 10% down and have the seller hold a short term 10% second.The second the goal should be to keep the interest rate low so that you are not paying a high blend interest rate between the first and the second.This will depend on if the lender allows it,how much equity the seller has in the property meaning (Is the 10% what the seller was counting on for cash out of the transaction?)

Today, there are almost unlimited options in designing a self-storage facility that will blend into the area you plan to build.

My personal favorite is a fine blend between direct mail/online marketing and relationships.

My recommendation to all first time investors is to purchase in the best neighborhood you can that will give you both a blend of a decent return, low maintenance tenants, and a history of appreciation.  

Good color blend throughout. 

Doing so will better reflect your cost of money over the term.This is pretty much why I don't get excited over landlords or investors speaking about cap rates and cash on cash returns, to be accurate, you need to look at the blended or weighted contributions to the deal.

Granted this was a time period in which they were plucking up farm property for under $30K and rural areas blended with planned development over time.  

I guess it really is finding the blend you like and what matters to you the most so when you purchase or sell a property you can use those as knowledge when dealing with others in the industry such as lenders, property managers, investors...I will say if I had a top 5 for what I look at in areas is 1)Median income2)jobs in the area (major employers)3)population and changes year of year, 4)future city plans,5)competing hotels and apartments Those are my five but mine may differ than others because my focus is in hotel development.Hope this helps.

I think you're going to have a tough time when you blend the lines between a laborer and a 'partner'.