@Derek Jones also always interested in exploring partnerships.

Prices have been so high for many years and dumb investors are driving them up further making bad deals based on bad assumptionsI’m exploring this portfolio loan now and will not make any decisions until after I weighing the benefits and risks.

The largest obstacle I'm facing now is the scalability, which is notoriously S L O W if you're looking to acquire properties or portfolio's with traditional savings from your 8-5; I've been exploring SFR portfolio listings as well as apartment complexes and I'm looking to connect with investors either in a similar situation or that can provide advice on making the jump to larger investments. 

Also I would explore some more lenders.I feel like you might be able to find something better than 7.75 even for commercial.

Beyond that I'd explore local hard money lenders to see what they offer. 

I wasn't planning for this to be a cashflowing deal per se -- just an idea I'm exploring to give a new home to my parents and maybe leveraging their current home in a creative way, if possible.

If so, my biggest tip would be to really explore your options.

I think you just need to really explore some other options and start calling up every lender in your area.

Let me know if you're interested in exploring further. 

Seller financing is one route I’m trying to explore but this is my FIRST deal and don’t know where to start or if there are better options.