As an appraiser you know that unusual financing terms can't really be justified in the market to a large degree, it becomes objective with individual opportunity costs, IMO.

I did know the previous owner so the need for proof of payment history was not a major concern for me, but I did sit down and meet with the existing tenant and managed to get a better understanding of their objectives moving forward.

It depends on what the objectives are.

You see, it's not the amount that counts; it's the plan that counts.Make rest a necessity, not an objective.

My advice would be to stay focused and not chase a shiny object as you start to scale. 

Your movement into any industry should involve building a community, but it always should begin with self-reflection and understanding your objectives and current financial position. 

I guess this is mostly a philosophical question, but it's also objective.

Focus on a few deal types, study them, solicit leads, develop those leads, overcome objections, be ready to close deals with your leads and as soon as you have something in contract everything will start falling into place. 

It would best for you to outline your goals, objectives, constraints and budget.

I do have professional management expenses as a result.Also I do allow for vacancy in my calculations, so that brings my NOI further down.However, depending on the real rent numbers, this property might just squeek by on the minimum DSCR required of 1.18.But setting my personal opinions aside, and depending on your investment objectives this property could very well be a good fit for you.And yes, I see possibilities to get some solid funding for it along the lines I mentioned above.Help us with some more detailed numbers, and we'll gladly give this a second look.Hope this helps a bit.