@Gary SiverWithout knowing your property value it’s hard to compare.

It would be a great live-in-flip opportunity but it's not a good deal (compared comps & recent flips in the last 12months). 

Choose different markets that have room to grow in median price compared to 2007 or stable market that are not volatile to have huge buyer or seller market swings.

Consider comparing backward and planning forward.

Meaning they want the protection of the LLC but they also want the rates that Fannie Mae can give them compared to portfolio or commercial.

I will be calling around Monday.Thx again, AlanIN SC I sure do.. that's why when I go into contract in that state I run title day one.. so this does not happen at the end after I spend money on due diligence.. most closers there wait until the last minute to run title so its a little backwards compared to CA or OR WA NV etc. 

It seems overpriced compared to comps but this particular property has a lot size of 1 acre and they were looking to maybe sell it to be used as a commercial space.

The best way to compare interest rates is to ask what their PAR rate is. 

This would allow you to own (partially) income producing RE, and is also extremely passive beyond the upfront work to understand the niche and vet the Sponsor.Only problem with Syndications, when comparing to your original post, is that a lot of them are 5-7 year holds, and you like 10.

I believe I can be able to service your needs with a more competitive rate and help secure a better rate on your ROI, if you would like we could chat, go over your needs and see if I can add value to your situation and hopefully save you some money compared to what you will be paying a property management company.