I work for corporate America and looking for an exit strategy as I enter my mid 50s. 

My name is Ido Harper, I am a former professional fencer with over 20 years of experience, a 6-time Israeli national champion, and a European Championship medalist.

A Google search also didn't prove particularily promising.I am taking over managing a group of student rental properties that my parents own and (very, very informally) operate in the Bay Area, California.

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

2.Private Money Lender – I’ve heard they can be more flexible and might focus on the property value more than my employment status, but I know the interest rates are higher than conventional loans.

I got a lot of confidence after sharing my goal and working with people who had already taken the steps I wanted to take.

Should have mentioned this is on my personal residence. 

I am at retirement age and I am now selling my multi-unit properties with seller financing, I look forward to a monthly check without the calls.   

Quote from @John Federic: I ran some numbers for you using the Cashflow Analyzer Pro from AssetAFC.com (see the attached picture).From my perspective, this deal still looks acceptable, even though it won’t cash flow in the first year, assuming a 5% vacancy and 5% for repairs.

Hello All, I am analyzing my deal and here are the detailsSmall Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.