The building next to yours looks much nicer and has THREE security vehicles parked in front.

I can run and model numbers and am a CPA so comfortable with the finance side of things.

You’re pulling money from a long-term compounding vehicle to fund a potentially higher-risk asset.

Another question that I haven't yet heard the answer to: Do local governments ever run out of HCV funds? 

But tax benefit of MTR if there is difference between the 2 vehicle.

Completing the setup will likely lead to smoother operations and peace of mind in the long run.

I was told by another investor that I will run into a seasoning problem, but i don't see how if i don't plan on refinancing.

Run a good business, keep you properties in good repair, have good paperwork.

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

The thoughts that are running through my mind being this close is creating a nightmare in my mind that needs to be calmed.