@Alex BelliniMulti-family homes normally make better candidates for Cost Segregation studies.

The other thing is rates generally are sold or offered in eighths as in .125 so having a 3.85 is unusual considering it would normally be 3.75 or3.875%. 

Hi I've been approved for a few private loans is it normal to have to pay upfront costs to attain the loan? 

What is the cap rate you normally want to buy at? 

I plan on bumping them, definitely not lowering them.Mine by default are automatically high so that I don't get blind sided with a low price for a 3 day weekend or special event.Once I review them I lower them to MY normal high levels.

The rents were low and it didn't make sense for normal year-long leases.

For years, we thought that we were doing well in our financial planning because we put all of our retirement money into a high-yield S&P-500 index fund and got a better rate of return than "normal" people who didn't even look at their money.

However, it is normally never the right entity for those who have real estate investments.Best of luck!

@Greg Seivert - If you're doing the brrrr, normally you'd want to make that second purchase with equity already built in so you don't have to wait for it to increase in value. 

The tenant vacated in 32 days and earned some money.Don't give any thought to a security deposit refund, as all surfaces will be exhausted from normal wear and tear.