Excellent managers may already be working for someone with several homes, or may be running their own homes and do not need the extra income.

They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark. 

., and I'll try to give you my suggestions for what areas might fit your preferences. 

If I'm in your shoes, this is also an excellent time to document and track each and every transaction + its associated MLS ID.

Excellent advice.

Excellent idea!

Are there any lenders that would be a good fit for this scenario?

As mentioned prior, a DST may be a good fit.

As I start this venture, I want to avoid the mistakes of other PM's and learn from those who provide and excellent service to their clients.

I'd also really appreciate any thoughts on choosing a big national bank vs. a smaller organization, as well as advice on how to filter through banking options to find a good fit.