There is no interest rate, its a flat fee based on the amount borrowed.

I can’t speak for them or that area but I have had a few investors that wanted to be on the coast-pacific beach to ocean shores) and from what I’ve seen and researched there wasn’t amazing results based on COC numbers.

The RE Rookie podcast from Bigger Pockets is FANTASTIC!

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.

You always need to run your own numbers based on what your goals are, and anticipated holding period. 

Or, in our situation now, to refinance a property with a mortgage/loan.It is most likely all about track records based on different characteristics.

I thought about doing my return through Dave ramseys tax pro. they are state based and are certified through your state.  

Great to buy homes for $50K if they cash flow but just keep in mind your setting yourself up for a difficult path if you plan to take any cash out down the road based on minimum loan size/Max 75% LTV guide lines.  

I have seen crazy claims from ADU developers including attempts to indicate a value based on income.  

Find ways of financing your project in addition to evaluating its relevance based on what you earn.Be aware of the dangers involved in investing in the real estate industry.