@Kim McGrathI highly doubt you will do better than 8% as land is very difficult to get financing for right nowWhat is the property worth?

When we analyzed it I thought on the high end we could make $50k but it sold off market and quickly so no complaints getting a little less out of it. 

**Quality of the Property**: The property itself is of good quality, requiring minimal immediate repairs and offering modern amenities that are attractive to tenants.3.

Prices are at all time high and interest rates are near 20 year high.  

Given the state of the stock market over the last few years, I'm looking for a way to invest in certificates to gain an interest rate higher than what banks are offering and returns that higher than the stock market right now.

Little supply, high demand ... voila, high prices. 

If Nubbs Nobb is closed I would speculate that Boyne Highlands, which is literally across the street, would still offer a lot of business in that area.

Fees will also be high on these loans 

@Nathan Gesner Actually, the PM came highly recommended, on this website.

However, I have a few concerns:Pros:Living condition: 1400 sqft → 1700 sqft with some boutique featuresThe rental market seems good in this area.Another property is added to my existing real estate portfolio, which currently includes two other properties.Cons:Interest rate: 7% - No guarantee of decreasing the rate, which means there might be no opportunity for refinancing in the future.The current home is too new to be rented out.People often say not to buy property in Chicago due to high taxes and low appreciation.There’s no necessity of moving since I have a decent primary home.Any professional advice would be helpful.