., buyers and sellers making decisions based on current interest rates or market conditions).3.

Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

In the event of catastrophic market conditions, you would still be even with your property value/mortgage.

Personally, if your market tends toward the former condition (better/normal appreciation) I think it's a fairly safe deal looking at the long term, assuming infrastructure around you continues to support the idea of renting it.

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

Was there really deals to do seller financing and that were already in good conditions?

You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.

This is a micro economic condition based on a specific market as not all markets perform the same.

As others advised, get a structural engineer in there to review the conditions.