40 year amortization and 10 years i/o would have me salivating, depending on how good the rate is.Financing is a tool and it has to make sense with your overall business plan.

Again usually brokers hide their commission in "Lender Discount" for the rate chosen.Unless your dealing with a HELOC I/O where the rates are set a little different?

And not 25-year am...more like 5 years of I/O followed by 30-year am.  

It's obviously likely a different target demographic than the listings at Pacaso.https://www.airbnb.com/rooms/4...One caveat to their offering is it's early stage so their are some bugs to the platform's app, which is iOS only, Android app on the roadmap, and it's not web-based so you can only participate using the mobile app.

First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Veritex , Texas HELOCHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.

O -H - I - O!

Continue by calculating the yield on your $200k by taking the debt service out of the NOI ($107k minus debt service of $81k, assuming I/O at 4.5% on $1.8MM) and you are left with $26k of cash flow, which nets you a 13% return on your $200k investment. 

@Allen LiYes after you have rehabbed and stabilized the property you would either sell the property and 1031 into a bigger property or cash out refi into long term agency debt which will give you 1-3years of I/O. 

Within the field of I/O psychology recruitment and selection is of particular interest when choosing sales forces at Fortune 1000 companies, Navy Seals and professional athletes in MLB, NBA, NHL and NFL.

If or when I refinance this building I can pull out a large amount of money and still have it CF while locking it into 1-3years of IO on a fixed 10 year term/ 30 year amortization.