We put down 20% and have a 30 year fixed rate loan for the balance.

@Daniel Newman - it's lender dependent. 

This could also be called an 'equity play' where you are just buying the property to get into the real estate game and build equity, as it isn't cash flowing in its current situation (be it because of high interest rate, high RE prices, or whatever).  

Amres appears to be highly rated, but their info did not come up while looking for a lender through Bigger Pockets. 

Given the current environment of high prices and high interest rates, it is not likely that a taxpayer will pay tax on rental income for properties purchased now.

As a result, careful consideration of the ramifications of the S & A decision is essential when planning internal corporate restructuring transactions involving recorded deeds, as well as in estate planning transactions.CAVEAT❗️❗️❗️This DOES NOTpresently apply to transfers of non-homestead residential property to revocable living trust agreements or land trusts This is limited only to non-homestead properties (such as vacation homes, secondary residences, rental properties, or vacant land)KEY TAKEAWAYSIt is important to remember that a change of ownership or control might not make a difference unless the property has been appreciating at a rate of greater than 10% annually.

It sounds like there might have been some miscommunication, and I’ll make sure this is addressed internally.What We Offer100% Deal Financing: We cover the costs of acquiring and rehabbing properties, removing a significant barrier for many investors.Coaching and Support: Ongoing coaching, deal review, and team support to help you navigate and succeed in your real estate ventures.Software Tools: Access to software for finding and tracking off-market and pre-auction properties.Profit Sharing: We operate on a 50/50 profit split, ensuring both parties benefit from successful deals.Potential Earnings and TimeframeSide Hustle Potential: The amount you can make as a side hustle varies depending on the deals you find and complete.

Assume 8% mortgage rate and 30-year term.

Taking this 34 Unit building and turning it into 15 market rate apartments with 3 Commercial storefronts.

So it all depends on you.