If you're looking at a debt service loan, 15% is the minimum for a purchase but it's much more common (and rates are better) at 20-25%. 

For example: Fannie Mae backs 25% of all single-family mortgage loans, including 1.4 million in 2024 alone and 21% of outstanding multifamily apartment mortgage debt (Fannie).

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

could it service the debt on $1m?

Investors can invest through 3 paths where investors capital is deployed immediately and stays deployed. 1) Our unlevered debt fund that targets 7-9% return with a liquid portfolio and quarterly liquidity.

This makes targeting distressed sellers, such as those in pre-foreclosure, or those with ballooning debt that was taken out in 2020-2021 when the interest rate was 7.37x lower (8/09/2020 the 10-year treasury was .56%, 1/15/2024 the 10-year treasury is 4.69%) making it very difficult for those that underwrote the property in 2020 to have predicted refinancing at these rates and likely a sale is their only option.

Since then I’ve been leveraging my way to generational wealth with “good debt.”

other posters have started threads saying they're going to buy STRs for tax savings... and this doesn't make sense to me.  

Amazing, no debt and 10k before graduating!

My brokerage sends a weekly rate sheet for various debt sources on commercial properties.