If your in need of a title rep @Shannon Wright can assist not only in San Diego but all 58 CA counties...

Or can you suggest a better option that does it all?  

I've tried to provide all the relevant info but if I missed something that would assist in answering the question, let me know.Thanks for your time!

I just feel like the equity portion is a nice asset to have and not have to use all that cash.

If not no worries, I will appeal and write back here to tell you all about the experience for the next Middletown ct person!

If you end up paying a preferred rate that is too high, your preferred equity investors will be very happy but your common equity investors could not only lose out on returns but even lose principal because most preferred equity deals have the preferred equity investors receiving all their return on capital and all their return of capital before the common equity investors get anything.I have done deals where all the investors were structured as preferred equity with a specific stated return and no upside beyond that return. 

Make a table and compare, as interest rates and years of fixed vs variable rates will be all over the place.  

Thank you everyone for all the great comments and suggestions

@Qais Attarwala I visit all my properties weekly to make sure there is no trash on them and that I’m being a good neighbor.

I also continue to market and show the apartment during this time up until a lease has been signed and all move-in fees are paid in full in guaranteed funds (cash or wire only).