This is a great example of how some people are too inexperienced or ill-suited for managing their own rentals.

There is such an incredible need and i believe this dream God has given me can be a lucrative ministry and help many people.

Don't deal with people who do non refundable EMDs.

Concessions are also somewhat difficult to comprehend, since real estate can be a game of telephone, sometimes the transaction is just better off, without attempting to get four parties to understand the numbers. 

What is the reality of it from real experienced people?

@Christian W CamposiThank you.I understand running the credit, and I have no issues with that.

Get to know yourself well and get a firm understanding of what you're good at. 

Having a good understanding of how to underwrite industrial deals is critical, as there are some major differences between multifamily and industrial underwriting.I built out a custom model for underwriting Industrial deals, has helped a ton.

Alton, IL  I think people fail to realize when getting a loan you need income and collateral.

The asset was purchased for $20.2 million with assumed fixed Fannie Mae debt at 4.91% (term through 3/2034).There was a good bit of understandable discussion about the terms…how we mitigate risk for ourselves and investors.