Quote from @John Warren: @Mordechai Chaimovitz cap rates and NOI are commercial real estate terms, and 1-4 units are not really valued in the same way.

What interest rate are you getting?

The rates are great, but you definitely have to work with someone that knows what they are doing...

To ensure you’re not overpaying, compare these quotes to typical rates in the area using resources like HomeAdvisor or Thumbtack, or by reaching out to local contractors for ballpark estimates.

✅ Interest rates you're comfortable with?

My first mortgage was almost 11% and that was a good rate.

Good occupancy and solid CAP rate.

Keep in mind a HELOC rate will be much higher because of the CLTV and risk.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

While I have a fantastic rate, the co-owner's giving me the option to refinance or he'll force a sale.