If there is nothing to compare, most lenders won't even touch it.

Here’s why it might be a smart move:Maximize ROI: With leverage, you can control a larger asset value with a smaller initial investment, potentially increasing your returns as the property appreciates.Preserve Liquidity: Keep your cash available for other investments or emergencies while still participating in lucrative real estate opportunities.Tax Benefits: Deductible mortgage interest and expenses can lower your taxable income, enhancing profitability compared to an all-cash purchase.If you have the means to buy with cash initially, you can later refinance to unlock equity for further investments or improvements.

Usually it's based on multiple different rating factors because the risks for a retail differ compared to an event space.Good luck

How does this compare with other projects?   

It’s a great market for long-term appreciation and growth, but it will be harder to achieve cash flow compared with how the Midland home is structured.

Run the common rent comps and compare that to your PITI and overall costs to analyze cash flow.

As a local team lead focused on investment real estate, we often start by analyzing comparable properties and historical data to get a baseline for expenses.

Looking at Furnished Finder, and I'm seeing comparable properties in the area from $2,500/month up to $3,500/month.

Seek competitive rates and terms: Compare interest rates, loan-to-value (LTV) ratios, and loan terms among different lenders.

@Conte Cuttino, I am having trouble following you numbers, but if you are making $664/mo in truly free cash flow after all vacancy, capex, maintenance, etc reserves are met, compared to your $107k profit after all commissions and taxes are paid, you are really only making 7.45% on your money.