I plan on continuing my research to make sure I have a solid understanding of the direction I plan to take next. 

If you don't know these terms, look them up, it's the best way to learn.Know too that financial ratios do not always apply to real estate because real estate is not a liquid market like stocks, you also have unexpected and unknown carrying costs that don't apply to say stocks or bonds.

Same LTV applies at 65%. 

Speak to a real estate attorney and a syndication attorney for your ideas and he should point you in the right direction and maybe even invest in you!

Let finding a good PM being the leading direction to your decision.  

Instead of getting $5135 back, can I ask to apply toward the loan amount?

I know there is a ton of experience out there that will help point me in the right direction. 

Once you listen you can gather your questions and get more information directly.  

On a car lease is there a standard or accepted amount of the lease that can be applied to the business.

Note that to attend your first meeting at MAREI you can get a free guest pass by visiting their website and registering - not sure if I am able to post direct links, but if you google it, we come up.