Some want security I guess.Im sure by the likes of your suggestions that it would never be wise to have money in an annuity or bond as well, even well after retirement.Nevertheless.  

Rental income is like an annuity for me. 

This effects the term of the financing, for you, the longer the better.I approach interest rates as a buyer from the standpoint of; if they were to receive the full amount at closing and after paying taxes, what alternative investment they have available to them to create an annuity income or to simply invest in, what rate would they be getting?

Just my two cents.View REI as an annuity you are adding to your retiremnt portfolio to compliment TSP, IRA's, and any other savings you have.  

We just covered this yesterday I believe on CAP rates, your rate will never be what the previous owner's was, even if you could evaluate with like kind properties.Actually, an annuity stream is or can be brought back from each payment period with reinvested amounts at a different rate within the IRR, but it's not in your calculator.

I have a credit score of 776, I have 70k in the bank, 112k in my annuity, although annuity doesn't seem to matter to the banks I've talked to.

Joe, Congrats on the SF deal, hope you used a RMLO to qualify the buyer and do the underwriting, and that you're using a loan servicer for that owner occupied deal.Payments can be sold, if your loan is compliant, as an annuity, an investor can give you a lump sum for any period of future payments due, generally with recourse if they fail to pay you make up the difference, but other arrangements can be made.

Judgment will tell you what might be had at the annuity amounts.

Use a RMLO id it's owner occupied.Your LC may not be compliant, worse than a NPN.Contact the usual note buyers, check with annuity and those who buy out judgments, they may have an appetite for that annuity payment.You may be able to simply borrow pledging the payments, might do better that way.Since CFD/LCs have been hammered, they are less marketable, meaning you'd take a real hit on the discount, you can save money by curing the issue yourself, getting a compliant note and deed of trust or mortgage with a Sub-To transaction if necessary.

I do have a defined income (annuity) with approximately $15-20k available.