The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

Getting more mortgages does not help me with the two issues I outlined - spending less time on real estate and freeing up head-space.

Traveling to other states isn’t an issue for me. 

What if only the tenant is sued, or only the landlord?

With your construction background, you're already in a strong position to add value to properties through renovations or identifying potential issues.

As far as financing, if you have real CF then it shouldn't be an issue.

My issue is, it's been almost 3 months and I haven't be able to get good tenant applicants.

Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

.🛠 Tech issues?