Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.

I'm looking into the idea of potentially becoming a real estate investment sales agent after college.

The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.

Multifamily real estate investments, such as duplexes, triplexes, or fourplexes, have the potential to increase total cash flow as they may produce several sources of rental revenue from a single asset.

We screen applicants getting money from nonprofits thoroughly - there's a reason they can't afford to pay on their own!

However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.

Don’t JUST use AirDNA’s “Rentalizer” tool to analyze a property’s income potential.

Ideally, it's best to have reserves before acquiring a property as it shows financial responsibility to potential lenders.

I went to all of the owners and was clear and honest with them about their current returns, expenses, ROI and potential future returns, every single one of them transitioned out of that investment class.