Selling a property in the first 7ish years with a mortgage is not great because the strong majority of your mortgage payments are interest and the principal balance doesn't go down much. 

And yes, we call someone who uses a stolen meter or tampers with a meter- a person commiting a diversion of energy. 

Upon reevaluation, I figured why not invest in Indy - it has more of what I'm looking for, plus friendlier prices, friendlier taxes, and having been there many times, I believe it has strong long term upside as a city.

Happy Friday - Thought I'd pick your brain on the financing terms I was just presented by a local bank:Per his email:Interest rates would be 5.125% for three years or 5.50% for five years; 20 year amortization and .50% commitment fee.We can look to underwrite and approve with 20% down payment if using 100% of your own funds <or> 25% down payment if obtaining a 10% seller second mortgage (15% coming from you).So,I currently own 6 properties (12 Units) with them, financed under a similar structure, that I purchased back in May.Looking to purchase an additional 22 Units contingent on bank financing, so before I move forward, what are your thoughts on this? 

However, the big hurdle has been that most lenders that we have spoken with want to see the retail component of the project at least 50% leased prior to commitment.

. , ROINote: The last numbers on year 5 is the cash flow+the return on the sale assuming I sell for 65k , but at this point I don't have strong comps.I plan to run my numbers like this on all my deals, except for the CapEx and holding period ( I may change those depending on the life expectancy of large items).

I have had too many strong recommendations, and he did great work on the floor.

And you'd be asking a seller to commit fraud with you. 

I am a strong believer in diversification.

KW is very agressive and growing into a tech company, committed to out-market and out-tool their competition.