Approval is expected later this month.

Had he asked me to leave I would have but instead he just told me it wasn't cool, and next time he expects visitors to have a business card.

You will file a 990-T and there are plenty of services out there to help with this. 

I don't have an official estimate but the lender is saying to expect 7.25% maximum, but more likely more like 6.8-7%

And, assume that rents increase by 2%/Yr and inflation averages 5%/Yr over the expected hold period, which I will assume is 20+ years.

@Joseph BaenaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The new homes will be mostly built in the burbs, and I expect as we move forward outside of many city limits or in smaller cities where the builders can control the narrative with less regulations, less inspections, less red tape, lower requirements.Due to the number of people moving though, we'll see some urban infill as well I expect. 

With 3 deals or more you can typically expect 10-15% down depending on the rehab size and complexity.

No opening date is set, but the BLVD is expected to debut in early 2025, with the restaurant taking up to nine months to complete.

Credit Score:For 10% down, lenders usually expect a credit score of at least 720 or higher.