I would say, you may be able to get lower rates than mid 8s as my lenders are high 7s for a similar scenario but you may be tripping over dimes to save nickels. 

I am in the pacific northwest and prices here are high compared to some of the investing hotspots around the country. 

Are you an accredited investor looking to diversify your portfolio and tap into institutional-grade commercial real estate?

ThanksDanb Hey Dan, To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

The first 5 times will be painful and frustrating - watch one of Brandon's or David G's videos on how to run the numbers - you'll become quick after a few dry runs.Just make sure you underwrite the deals against your Goals (ROI %, Cashflow $, potential longterm appreciation, etc), and run the numbers as if you're NOT in the property. 

If you're looking for a market that has landlord friendly laws and high growth potential, I would go with Columbus, OH.

In short, it may be more valuable to pursue areas where the cash flow isn't as strong on paper because it's made up for in other problems you avoid with properties in areas that cash flow well on paper at first but suffer from high turnover, a high level of vacant properties nearby, etc.- Check up frequently on the property and conduct walk throughs as allowed by your lease agreement.- Hire a solid property manager who gets paid to keep tabs on the property for you. 

The vale of depreciation on property as well as business loss are capped if you have high W2.  

High BP, I’m very new yet have had years of credit cards, building credit and working on consolidation. 

Are you happy with the return on that investment and do you think it will continue to appreciate (highly dependent on where you are at in the Bay Area)?