The small rate diff is just a distraction from reality in this market environment.

Not necessarily a deal breaker, but just another hurdle in a rising rate environment.

Some demographics want bail bonds, health clinics, cheap buffets, buy here pay here car places, and etc.. others want more upscale things.Look at the area near the apartments through the eyes of those who will live there.Know your renters desires--a fish knows his own pond the best.You need to know what renters for that building want.Good Luck! 

@James Carlson Curious as to why you would recommend a HELOC to tap equity in a rising interest rate environment?

Was it for the training, commission splits, environment?

Why limit yourself locally in today's Remote Working environment?

Hello everyone, I am the director of development for a non-profit organization called Product of Our Environment Youth Empowerment Program.

I would however check with your CPA to make sure this works for your particular situation and tax environment as I'm not a CPA and don't know the particular intricacies of the tax code. 

Piggy backing off of Bruce, many people became agents in the last few years because they saw certain aspects that made it look like selling houses was like shooting fish in a barrel.

If after that he doesn't perform, then absolutely go fishing for a new agent, Im sure there are 1000+ agents that would love to be your agent.