Bridge Loans are short-term (usually around 12 months) at a higher rate and fee to get a borrower from one point to another.

We bought the property at below market rate because the seller was motivated and needed to close quickly.

As rates have gone up we tightened my sold comps.

This sounds like it could be a good deal for the partners, and perhaps the bank, but a terribly risky deal for you, with little upside.What exactly do you mean by, “There will be a promissory note drafted for the amount and the duration and interest rates”?

If you are doing it yourself with the current interest rate environment, like Bruce said, it'll be a functionality of how much you're leaving in the deal.

Just like the asking price, just because the owner suggests one interest rate or term doesn't mean you can't offer something different. 

Best bet is to try local and credit unions, possibly may have some programs for better rates.

Given that there are many properties around that have higher ratings and aren't that less good (and don't have such comment in their reviews), I suppose that it's more of an issue in our case.I don't believe that.

Depreciation recapture applies at ordinary income rates capped at 25%, increasing your tax liability.

Quote from @Jimmy Lieu: Quote from @Andrew Syrios: The BRRRR strategy is tough these days (I even wrote an article about it that goes into more detail a little while back: https://www.biggerpockets.com/blog/beyond-brrrr-taking-advan...)In short, high interest rates as well as labor/material costs makes it hard to buy a property with debt and cash flow.