Their bond rating just got upgraded this week and is now rated Baa2 by Moody's which puts it in "investable grade" territory.The city is also appreciating rapidly but you can still find cash flowing deals if you understand the market.I could go on and on.

I financed this deal with a hard/private money loan that was at 90% of purchase and no points, no appraisal, no fees, with a 14% interest rate.

The latter will have higher interest rates whereas the former has a 2% interest at my local credit union. 

If the contractor-partner is handling all reno and construction part of the property, only his crew get paid the usual hourly/daily rate and we split the material cost? 

Also- I just turned it on and nothing has changed in my rates.

Always check your state laws and lease for scenarios: if unit becomes uninhabitable.Option 1: Renter's should have rental insurance which would cover this.Option 2: Have them pay the contracted amount and provide a receipt for hotel, however I would also review local per diem rates and provide guidance on their budget.Hoping for a smooth project for you.

But multi families should be valued by being pegged to a cap rate for an area or the country etc that investors expect. 

Then when I sold in 2022, it was before rates really took a jump. 

He said a realtor has advised him to sell it for $500k so he wants exactly that as well as $80k down at a 6% interest rate.

There may be other options at lower rates this year if it helps at all!