Since I am familiar with stocks and exchange-traded funds (ETFs) already, I thought why not give it a shot and see what is in for me in this industry?

It would be worth exploring all options, and if you are willing to live in a duplex or one of those options, the rate for owner occupied financing isn't 8%, it is closer to 7%.Also, since the market is softer, you could easily ask for a seller credit to buy down the rate closer to the low 6s, and meet somewhere in the middle with a similar mortgage payment as a new build and get something that would be a really good house hack for a family with privacy, garage, etc and get the benefit of renting the other side or ADU.

Hence a low ROE like you said.

I have about 45 units through my fund but I am the only manager with a waterfall etc

Even if the homeowner got the excess funds imagine the bid is $100k.

You can still easily achieve rates in the low 7s depending on LTV for a DSCR cash out refi.

The prepared me a quote that is low price (That is nice), but I am not sure if I am covering all the bases.

Expect to find less desirable properties, deferred maintenance, low curb appeal, maybe even damage that needs to be repaired.

I just looked online and they have plenty at Lowes.

@Aaron SweatPossibly depending on LTV on those other assets - we have done this in the past. 10% interest is probably low I would expect 12-15% plus points but shop around.