@Lesley Ray if you are talking about your personal home yes that seems a little high to me and I would shop around.I presume because you are asking here on BP you are talking about an investor loan. 6% is a perfectly reasonable investor loan rate.

We're nearing the end of our due diligence period, so I wanted to double check that we weren't getting ourselves into a mess before our money goes hard.I also wasn't sure whether to have the current owner fill the units, as I've heard horror stories about owners just filling the units with warm bodies in order to show the higher occupancy on paper, when in fact, they turn out to be not the best tenants.All that being said, I absolutely agree that this is a glass half full situation, as we will get to push those rents sooner than expected.

I mean in my fundings  we are 180 days on average and these are professional flippers.. and I do 100 plus a year of them so I have a pretty good body of work to run averages on. 

Operating agreements can be large and important details can get buried within the body of the text.

Next year I will price shop again.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on your first few deals.Best of luck to you and I look forward to following your journey!

Unit 2 ( where I live ) is a small 1/1 with a massive 6 car covered car port and a nice work shop . 

However, when we shopped around, absolutely nothing compared, and a huge bonus is Bill Kratz!

You can do some research by shopping around.

Have you shopped around at all?