@Eric Lunsford  Generally the interest income from private lending is taxed at the ordinary income tax rate, just like earned income from a job or interest on a bank savings account is taxed.

After rehab is complete, you can work with a lender to do a cash out refinance and get into a conventional loan where the interest rate will be lower.

BUT RARELY do they want to learn this... when rates got to 15 to 18% in the carter years.. to keep deals working I had to give my commission to the sellers and take back notes from them so they got some cash to induce them to sell .. and the sellers paid me monthly  Usually half of the payment No interest until paid..

NOI / cap rate = sales price, and sales price x cap rate = NOI.

Either way, I will call but wanted to see if anyone here had any knowledge....It will likely increase your insurance rate because of the business activity/liability. 

Columbus may offer lower purchase prices, but as you mentioned, oversaturation from investors could affect rental rates and appreciation in the long term.Considering your interest in Philadelphia's vibe and your desire for a potentially better investment environment, it seems like Philadelphia aligns well with your preferences and investment goals. 

This is why you must evaluate properties not strictly off intrinsic #s like people did in low rate era.

This indicates a strong market demand and a promising opportunity for investors.Days on the Market (DOM)Reduced Sale Time: The average sale duration has decreased from 86 days to 67 days year-over-year.

I am fortunate to experience great success with my first property, however, with interest rates being higher than what it was in 2022, I was wondering if any investors in my area are finding any deals in this current market condition. 

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split?