Which reduces Cap rate.4.

It's a single family home in Waco Texas, purchased with $40,000 - 25% down with an interest rate at 7.25%.  

Hopefully, someone will jump in with more information for you.When it comes to financing, I always start with Andrew Postell with Guaranteed Rate.

If you use prevailing interest rates at the date the loan was taken out and run the amount as a 30 year fixed you can amortize to the date you wish.

It seems that the tenants produced what we consider "sweatheart" leases signed days before the auction at below market rates.  

Just use a lot of mud and taper it as best I can? 

I have been unable to change my nightly rate.

The company offers what they call "attainably priced" apartments, arguing that their rents are lower than market rate.

@Adaze Foltz  Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s). 

Thanks,Hey Joel,If you are tight on PITI, then I usually recommend looking into an interest only loan, maybe on a 5-10 year IO plan, to lower your payment and see if you can squeeze it in.Plus, rates are starting to dip a little bit, so it makes it a little more doable, especially if you just do a rate and term refinance to help keep your rate lower.