If the numbers work, why take a chance on a product that has a balloon payment?

If the mortgage product affects the answer, it would be a traditional investment property mortgage, not a DSCR loan.

I also think that demand for U.S. treasury bonds (which underpin most fixed rate permanent debt products) will dramatically decline over the next 20 years, which will cause interest rates writ large to substantially increase across the board.

So I looked at it like 10% management fee up front that covers the assembly of the product and sales of the product to people like me. 

Please rethink reliance upon sin taxes.

So, investing in a market you don't know is like saying: I am going to open a retail business without knowing what product you will sell, how to source the product, or who your customer is and what drives them to purchase.  

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Otherwise, having a conversation with them on how to handle things like this moving forward would be productive in seeing how they respond.

It solves these kinds of issues is a VERY simple way allowing you to focus on other more productive things. https://a.co/d/edtWLq7

Other "products" (i.e. student apartments) that are farther away will always have better amenities than I will, however location seems to be the primary factor for the students.