It is a A class product that after extensive review believe that this may be their biggest most lucrative exit for investors yet.I mention this, because as a passive in deals with horses that are proven and get pocket listing deal flow that meets their business model, I feel like I know what I am investing in, unlike crypto or stocks or other types of investments.  

This is why I get pissed off when we get into these discussions about morality and fairness and everyone here with a buck to make off of being considered honest gets up on their high horse and starts their patented speechifyin'-preachifyin' bullcrap about The Ethics of Being a Realtor™ and suchlike.

The only thing my Honda doesn't have are those leather seats, ambient lighting, and the couple hundred horses.

My second property is a 5 acre horse property here in Fallon, NV that is now my primary residence and I financed that using a 5% down conventional loan.My current goals are to have 5-10 rental properties by the time I retire from the Navy in 7-8 years to supplement the income I will loose once I retire so that I will not "have" to work again.

The 50% is intended to allow for my costs and vacancies.I have been weighing to figure either 15 or 20 year loans but have not decided.I guess ultimate I may be putting the cart before the horse but at some point in the coming years I will run out of capital to purchase more properties and I am trying to plan for my biggest bang for my buck.Example scenario on Duplex using your figures 70,000 purchase14,000 down payment1,000 Monthly rent360 Vac/Mant$442/month mortgage - 15yr@5%140 CoC at 12% ($1680 year)An additional $58 left over.

A firepit with wood and a horse shoe pit.

All said, probably a good idea to not bite the hand that feeds, kick a gift-horse in the mouth, or burn the bridge.I dunno...maybe reply to the email with an apology, no hard feelings, and maybe it will work out for the next time?

Seems like beating a dead horse at this stage, but prime is at 8.25% it doesn't make any sense for a lender to offer 3% Most of my fix and flip lenders are coming in around 10.99% - 12% (11.21% APR - 12.47% APR) 

dont look a gift horse in the mouth.

Seller financing, not market ready, no structural or foundation issues, 5 acres in horse country How did you find this deal and how did you negotiate it?