With 56% appreciation rates in less than 10 years, even the stock market can't beat North Carolina!

A smaller building that used to be a small community bank that could easily be retail space/ cafe.I will qualify for conventional financing for this property, but with interest rates being what they are, I'm not sure that's the best option. 

The right rate rents it—no need to overthink gimmicks or incentives.Virtual staging is the way to go.

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.

25% is the going rate, high end 30%/35%

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

I already have 2 loans on the property with great interest rates that I'm not looking to replace.

Fort Collins did it since the 1960s and only recently created a law against it because of rent rates.

You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs. 

So you are better off finding someone who wants to rean interest on their money and getting a promissory note signed and giving them a 10% interest rate and having them give you a 15k loan interés only for a 12-24 month period.