Im looking for ideas from other investors that are requesting Vacancy rates from their property manager.

There are a lot of these coming about now due to people having such a low interest rate.

He should have kept his mouth shut on that since he had no clue the going rate for that type of roof. 

At these rates, it seems like it would be better (for now) to wait on the sidelines and get a high-dividend REIT.So my questions are:1.

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

I'm not sure of the legality so I can't comment there....either way though I'd just go get a personal loan for a balance that low or transfer the property sub-to...

I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.

I got my Va to create a spreadsheet and call all of them for rates, amenities, and if they where at capacity.

This assumes ~8% interest rates.Interest rates in New York tend to be 25-50 points higher than the national average although maybe I suck at finding good mortgage brokers.

BTW: The 75th percentile rent for market rate apartments with only w/s/t included even in N Collinwood is $1064.