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. 

We looked all over and were having a lot of trouble finding anything comparable. 

He got a slightly better interest rate than Synovus and higher LTV--he compared both. 

Sometimes PM groups have software that can help pull comparable sales information (CoStar & Yardi). 

I compare this with a quick verbal or hand-written rundown of a cash sale.Since I am a real estate agent, I present both sides to the seller and let them choose what is best for their scenario.

The “cost of the water” if someone floods their unit is miniscule.....compared to the costs to repair that/other affected units.....which is why you have proper insurance.