@Jeff Bridges Thanks, Jeff, I'll definitely be reading this!

In some areas rooms can be rented at a premium to the entire unit, so that may help bridge the gap. 

It will also be in the same zip code, same school district, and not across any major highway or bridge. 

Lassen, and Sundial Bridge.

Burning bridges is never a good idea.

LTV will be lower and rates a bit higher.For 100+ units, talk to a lending broker who has relationships with several lenders who offer various types of loans including agency, CMBS, bridge, etc.

If they didn't do that, they would starve when winter arrives.The Future is VERY important.Another analogy I like to use is to Drive your Investments like an Investment Vehicle.When you look at past Data such as previous Sales, you are looking at the Rear View Mirror of your Investment Vehicle.When you look at current data, such as the current Rents and Expenses to calculate your Current cashflows or your Cash on Cash Return, you are looking at the side view... watching the action go by as it is occurring.When you look through the Windshield of your Investment Vehicle, you are looking at the road ahead.... seeing the path that it is taking you... and all the obstacles in the way.You are less likely to CRASH your investment vehicle by focusing on looking through your Windshield than remaining fixated on the Rear View Mirror or the Side Windows.If the bridge is out and you fail to see the bright red warning signs..... if your eyes are not looking straight through that windshield........ you will Drive your Investment Vehicle into the abyss down below.So please.....

Even hard money/bridge financing will want some skin in the game. 

If you dont have an agreement with him on the price, I will walk away from the deal; No point to burn bridges; deals are everywhere.My one cent!

@Jonathan Twombly , have you looked right across the bridge into Beacon?