I was hoping for a general guideline to weed out properties faster, but for now, I'm pretty much just taking a listing from my realtor, running the numbers, trying to hammer my numbers down, and seeing how the Sacramento market actually plays out.For example, one of my first properties I ran numbers through had a 0.6% cap rate, but I was factoring in 10% cap ex, repairs, and vacancy.

I **think** (but am not 100% certain) that if you had two loans with the same term but different rates, that you could get the correct answer by using the weighted average cost of debt and leaving the number of compounding periods unchanged.I'm not sure how to structure the calculation if both rate and term are different.

If you want to go faster than cash flow and investable capital allows, you raise money?  

Other commercial properties in the area sell faster but I'm thinking this one is taking so long because they're asking $4,700,000.

I'm looking at their Gemini I carpet (58 oz face weight) that seems to be a good deal at $1.99 per sq ft. 

You're right, in the end the decision would be based on what best fits my needs which I think may be selling at this point to grow at a faster pace.

I am weight my options of using equity in my current home or just saving for the down payment whatever it maybe.

You basically have two choices, you can be faster, or you can pay more. 

The second way is to pay the loan off faster than 360 months (30 years). 

Usually you are paying interest only but at a high rate (10%) so the faster you can get the rehab done and get it refinanced, the better.