Could you please let me know what cap rate you can get in Canton in the better areas with better schools ? 

If not, re-check everything - listing, photos, rates, booking policies, etc.Often, newbies have rates that are too high and/or booking policies that are far too onerous.

All in all my project we are proud though we fought through Covid and interest rates and have exceeded original proforma..

.- get into real estate with a lower rate and lesser percentage down payment.

Also, is it a cash out or rate and term refinance?

It’s a good idea to confirm you have a path to record title in a way that’s financeable, even though this isn’t a standard fee-simple sale.The big question is whether it’s reasonable to pay a market-rate price when you’re not actually scooping up the land.

@Max Nathan there is no cash flow anywhere right now on small properties - prices and rates are too high. 

Reasoning for asking this is that it could potentially be a beneficial long play on acquiring a property through assumption, and as we go down in interest rates, utilize this monetary benefit to refi as it comes at a mere .5%.

There will be others that say no seasoning at all but the rate will be very high ticket.

In more established markets like Austin or Omaha.. from what I’ve heard in Bloomberg, guests value transparency as much as good rates.