I don't want to show link here... else it will look like I am promoting myself... when in reality... i am just sharing my knowledge free of charge.hope my advice helps

I’ve been listening to the podcasts since then but I have not taken any action to make my goal a reality.   

Those are the realities in my seller's market, and likely in yours. 

The reality is that if it's an un-subsidized portfolio mortgage, the rate/points needs to beat the ROI of a Wall Street index fund or generic REIT, or it would never make sense for a lender to do the loan, since they could park the $400k with Wall Street or a REIT and make more than they'd make by lending you money.

YUP not only that land loans are tough  to get period.4% is not even in the realm of reality.. and just look at the English in what you posted.the loan business has been infiltrated by the Nigerian prince scammers..

Let your investment pay the loan back...which means the cost of the loan (interest payments) in reality is an investment...that means this turns your 401k money into 2 investments at the same time...the RE and the 401k

Although in theory they are protecting your interests, the reality is they sometimes cut corners to get a tenant, sometimes MARGINAL tenants, into your rental!

@Summer Timms while as you can see from the thread and comments, the common train of thought is that Turnkey providers are selling at or near retail price, our experience and reality is much different.  

How should we as an investor/landlord react to rent control and without no-cause eviction with Fagan on board? Selling ASAP or long term hold to weather the storm?

At that price it sounds more like a Coop, Coops are more common than Condo in the Bronx, Some of the newer buildings in Riverdale are Condos..I’ve seen MLS state apt is a Condo but I knew in reality it’s a Coop so always confirm w Realtor..