Even if you want to roll the dice, at least is a calculated risk, not a surprise down the road. 

Will talk with them to verify, but im looking at rates currently from under 5% to about 5.5%.. seems even with their largest LOC its over 6% based on current sofr. 

I was more interested in Fix and Flips or maybe even rentals for single family properties.

I really would want to stay away from any office properties in depressed or even semi-depressed neighborhoods, especially large ones (like a 13 unit complex).

He even agreed to selling me one of his since it’s already performing and ready to go.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Look into meetups through BiggerPockets, local REIA (Real Estate Investors Association) groups, or even events in nearby Seattle.

You only get a single point of contact for everything all encompassing, and unless they are 100% competent(not even proficient) you are screwed.

Whether it’s advice, joint ventures, or even just sharing your experiences, your input would mean a lot.Feel free to drop a comment below or message me directly.

Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet.