If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  

Without boring you with our analysis, at a 50% occupancy rate it would net us about the same as renting it out long-term.  

Most lenders will follow a 5,4,3,2,1 Step-down penalty for the lowest rate.

So we negotiated for a seller financing deal with very little down and a very low interest rate How did you finance this deal?

Are interest rates just too high now to buy a rental property?

When running my numbers I got the current rates that he is charging, and they are 30-40% less than the fair market rent value in my area.

Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

Last time I approached lenders I was approved for a loan with an interest rate of 9.5%, but that was when I was trying to purchase through an LLC so it was a commercial loan.

The rebound came suddenly amid still very high interest rate environment.

I've enjoyed listening to Bigger Pockets for a long time and just purchased my first home.