If the partner wants to get a bigger cut on future deals, they can save their money and buy into a larger percentage on the next deal.

If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/  Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.

What you propose is different but in your original post this was not clear.with the additional info, I have seen similar comped with quads.  

I did save some money to have as back up.

So if you do an exchange you are saving $100k in taxes today.

This is great info!

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I use buildium which is a good value and I think the integration with tenant turner alone saves triple the hours needed to be worth the cost.

I.e. if your monthly payment on a $402k PP is 1700, you are saving 314/mo, or $3768/yr.

@Tobi Isaacs  Third Federal Savings and Loan.