@Eric Koelling - Not to get to deep here but regarding decisions like this - I'm a fan of Occams Razor"Occam's razor (or Ockham's razor) is a principle from philosophy.

Suppose you were evaluating a potential 5-year MF deal. Which approach to loans would you consider most conservative at this point in the market cycle?
A 10-year fixed from Freddie Mac sounds pretty conservative. But...

Obviously there are a ton of books, podcasts, and material here on BP you will get recommended and can dive into...but a huge help especially if you're interested in the commercial and multifamily space is to go to in-person events such as meetups, conferences, and seminars.While material will be great, meeting and getting around other investors and like minded folks will help you find your investment philosophy, swap experiences, and get comfortable with where to start.

16% is totally relevant - to your dad and given his philosophy and choice of direction.  

You can certainly get an idea for my philosophy by reading 1-3 of my posts on any thread.

If they are decent people and keep a decent home, like most people do, then I'll market it.Your PM should be able to explain their philosophy and show you their policy in writing.

It doesn't pass muster with my personal investment philosophy. 

@Martin Vilarino this is where personal investment philosophy comes in (as well as your goals).

Room renting is a short term philosophy and might be OK but I would not count on it lasting too long. 

We also save a lot into a non-retirement trading account where I generally follow the Boglehead philosophy.