Short of that, the deal seems to be solid once you're able to bring in current market rental income to each unit.

I have already invested in PPR note funds (10% 3 years income & liquidity) and GSP.

However, since the value of a commercial property is almost solely based on the income of the property, investors and bankers alike have grown to love balloon payments and rate resets.

Purchase price: $1,100,000 A low-income 42 unit apartment complex built in the 60's.

3) SM Property Value Appreciation Trends4) SM Pop Growth5) Safety compared to the rest of Dallas6) Income - median and avg7) Rent Cost - median and avg8) Rent Growth Trends9) What percentage of population under poverty line10) What percentage of pop are families 11) What percentage of population are families w kids12) Avg people in a household12) historical vacancy rate13) avg bed/bathroom composition14) Profession by percentage 15) Commuter population by percentage and commute timeThanks y'all!

At the end of the day your net income will be about the same without the large expense of making it a STR.

Could you go reinvest it in another property to build even more income?

Another point to add—They state in the proposal that the investors are contractually guaranteed a 10+% return on the investment.

I was turned down for a HELOC with a different lender (a local credit union who would've given me more credit, but determined my current debt-to-income is too high, especially since the rental property isn't generating rent at the moment).I know that I can do a cash-out refi on the rental property in a couple months.

My father also has another property that I am a cosigner on, he tried to get a HELOC but was rejected due to low income so I'm wondering if I can come and qualify for the HELOC even if I just purchased another primary property?