@Adam Celentano sounds like you and I have a lot in common!

Although it really depends on the market, 2% is more likely in the worse neighborhoods, and while those properties would seem to cash flow well, they are also higher risk and take a much more hands on approach.  2% in a nice neighborhood would be less common and probably not on the market long unless there were extenuating circumstances.Of course each city is different.

But I also got to check out the condition of the apartment, and walk through the common spaces making sure all seemed well.3: Yes, I love Cozy!

I've seen other tapes just lump in everything with corporate advances.Deferred Principal Balance - as Bob mentioned above, this is common for loan mods.

Seems to me 2 bedroom condos use more common resources and should pay more?

Would it make any difference if it was an LLC or Tenets in Common offering?

If you are working here in the gaming industry, we probably share a lot of common friends. 

Up to 70% LTV on multi-unit investments is common and will have the most attractive rates, but there are options above that at slightly higher rates....and assuming the money is going to good use, then perhaps worth considering.  

$150 cash flow is low for something that costs $100k... not a lot of margin for error.

This is way more expensive then what you stated 8% to 12% is common.