That being said we have such a shortage of LTR that I see value in that building and maybe you can do a mix of LTR/MTR/STR and make the numbers work.  

Most mortgages are fixed. 2) value adds.

How did you add value to the deal?

Our first DEEP value add multifamily project here in Radford, VA just stabilized and refinanced out of the 12 month construction loan. 6 unit apartment building all 2x1 near Radford Campus.

Wholesaled the deal to cash buyer How did you add value to the deal?

Private Investor How did you add value to the deal?

Not sure what happened (eg glass vase fell off a counter when jackhammering was done) or the value of the item, but the contractor said tenant's stuff should be fine and clearly it wasn't. 

But at least you see the value of putting your property’s location.

We have an older housing stock that has a lot of opportunity to add value.

Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees.