At the 5 year mark I’ll owe roughly $73k and will have paid about $20k in interest, plus $14k of the principal.I have the ability to pay the loan off at any time with no penalties, which I intend to do.The loan documents, or more specifically, my promissory note (loan terms I negotiated) and mortgage (security device to give my lender first lien on the property.

Conventional loans are the loans governed by Fannie Mae and Freddie Mac (if you recognize those names) and they are the lowest rate and best terms on a loan you can find.  

For loan amounts over $144,000 the VA guarantees the creditor 25% of the $417,000 Freddie Mac loan limit ($104,250).

Conventional loans are governed by Fannie Mae and Freddie Mac (if you recognize those names).  

Hi Sean, For an 18-unit, the three common sources of capital that you'd want to look at will be local/regional banks, the Freddie Mac small-balance program (if loan size > $1M) and the Fannie Mae small-balance program (if loan size >$1M). 

Freddie Mac small balance might be close to that.Are you looking to buy it or syndicate it?

I did get a Freddie Mac quote last week at 4.32%, but they don't fund rehab so not our preferred route.I agree it would be tough to buy at a 6 cap if debt were nearly the same cost, but that's assuming no improvement to the property, correct?  

I work for a company that makes automatic lubrication system devices and I was in Bakersfield last month quoting systems for Chevrons oil field.

If anyone is using an electronic device, what do you use? 

@Bruce Mac.