We raised $4.5 million in equity and got $4.5 million in fixed rate debt from Freddie Mac at a 5.85% rate.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Do I contact appraisers and local title insurance agencies to begin to find one that I could use? 

Do the numbers make sense with each and all interest rates? 

Most lenders that I work with give Wholesale Rates (vs retail rates when you go directly to a lender). 

He knows that he has to be out on the 1st, but I didn't know if it made sense to contact him and ask him to check up on him!

There are some great suggestions here on down payment, interest rate, servicing, and underwriting the borrower.  

I'll reach out to my contact and send you a PM if that is ok?

Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.

I have contacts for long and short term managers in the Tampa/ St Pete/ Lakeland area.