My ask is if this is a good financing model then what exit strategies will I have with interest rates being what they currently are and no realization of what they will be in 5-10 years went the loan is due?

No special favors, discounts, mini fridges, fee waivers, nothing. 

20% down fixed rate 30yr mortgage How did you add value to the deal?

Take into account variables like affordability, property taxes, rental regulations, and vacancy rates while doing in-depth market research to find viable investment areas.

His mortgage with a 7% interest rate came out to be $2,200.

Current cash flow is $557/MO - Cap Rate 6.9% and COC 18%.Does this sound like a great opportunity?

@Jeremy BourgeoisYou couldAlso refinance it from another lenderDon’t assume they will extend it as they could sell the note - or they also could increase the interest rate to whatever they want as they have you by the you know whatI would look to partner with someone on developing it

So I'm going through DSCR because of LLC purposes and I know the interest rates are higher than normal, with my credit about 7.2% hopefully ngl haven't confirmed.

Knoxville has a big upside for sure so holding it, especially with that rate is quite enticing.

I'm not looking to refinance my NJ property because I have a great interest rate.