Focus on how to juice cash flow if possible (rent by the room, separating spaces, etc.) or decreasing expenses (assuming a loan, looking at new build incentives, aggressive offers w/ rate buy downs that work for you, etc.) 

Turnkeys offer less hands-on management which is ideal for beginners and it give you valuable experience as a landlord.

He is a mentor of mine as well, and is not so interested in making money but rather he told me that he likes to see 7% in his passively invested accounts, so I offered and he accepted that I would pay him 8% APY On the principal that I borrowed. 

We just made an offer on our first deal.

So if you're buying a stabilized cash flowing asset, the returns you'd have to offer a PML would be lower.

You can explain to the Realtor that if you don't do this, then it has to be a cash buyer and they will offer less.

We are currently offering 12-16% interest to our private money investors which we feel is a strong offer in this market.

I think the Iowa City, Coralville, and North Liberty markets offer great rentals with lots of different types of levels of rent.

I was told my by loan offer over a year ago that the rates in spring of 2024 would be back in the low 6's high 5's... look where we are. 

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced.