Focus on how to juice cash flow if possible (rent by the room, separating spaces, etc.) or decreasing expenses (assuming a loan, looking at new build incentives, aggressive offers w/ rate buy downs that work for you, etc.) 

We just made an offer on our first deal.

You can explain to the Realtor that if you don't do this, then it has to be a cash buyer and they will offer less.

So if you're buying a stabilized cash flowing asset, the returns you'd have to offer a PML would be lower.

We are currently offering 12-16% interest to our private money investors which we feel is a strong offer in this market.

when looking at real estate websites, oftentimes I see "offers due by" some datefor example "offers due by may 12"what does this deadline mean?

I think the Iowa City, Coralville, and North Liberty markets offer great rentals with lots of different types of levels of rent.

I was told my by loan offer over a year ago that the rates in spring of 2024 would be back in the low 6's high 5's... look where we are. 

We are both in our early 20s and keep our expenses extremely low (less than $2k a month).

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced.