I actually can’t think of a more amazing safety net than what you’re father is providing, as long as you’re work ethic is good.

To refinance a property with a low conventional rate you basically need: good credit, stable income on IRS taxes in past two years, equity in property that meets health and safety codes. 

If they are going to purchase a CD for “Safety”, then a 4-5% rate from me is a no brainer!

With a multifamily property there’s almost always someone in one of the units operating like a built in safety net minimizing your losses from non-payment or times of vacancies (remodels/repairs, broken leases, etc..) in one of the units.One more reason to invest over buying is as the equity grows. 

I went there to meet the team.. with no real concept of the safety and life issues of a lot of these larger towns.. 

This is also a health and safety issue meaning you are required to provide hot water to the units by law. 

I guess I can raise the safety deposit to mitigate some of that.

My concern is safety issue

Anything that would be considered a hazard or safety issue. 

Having the cash flow just feels like a safety net, especially if I am going to venture into deeper waters like development.