Some options to consider to increase rent include improvements to the property, adding on, or creative renters (short term, corporate rental, business rental, ect).

If you're the wild and creative type, the seller can file a 2nd lien (really a mortgage, ie seller becomes mortgagee) on the property in the amount of the equity and agree to receive that payment at a later date.  

There are so many options out there so many paths, and really although things get in ones way, one manages their own risk, and if they're smart about it, don't just jump in blind, then that risk can be greatly minimized.Currently I'm reading a book called Incorporate Yourself to get familiar with the basic business aspects, and different options out there for my property business, or businesses that I will start.

I work in corporate finance, one works in construction management and the other in computer science.I have a few questions for you guysWhat sort of loan terms should we expect to be given? 

(paint, trim, flooring, appliances, countertops, cabinets, closet spaces, shelving)  all these things are non-urgent that you can do at your own pace and can even make excellent projects to do with your partner and get creative.3.)

In either case generally you will have an increased ROI as well as an ability to scale quicker when incorporating responsible leverage in to your plan.

With the 30% down payment ill have a lot more money to buy other deals down the road of uncertainty.Let me hear some creative idea.Financial Summary - UnleveredCurrentStabilizedPer MonthPer YearPer MonthPer YearGross Annual Income$17,600$211,200$20,150$241,800Total Operating Expenses$3,926$47,108$4,614$55,362NET Operating Income$13,674$164,092$15,537$186,438CAP Rate - Unlevered9.0%10.2%Operating Margin77.7%77.1%Expense Ratio22.3%22.9%

If it’s a church, you will need to get a little creative because often times places of worship have different laws that prohibit funds being allocated for assets outside of the organization.

Or maybe a different creative financing way?

Lenders please share your thoughts and knowledge, and be open and creative.