For a long term real estate investor, or one who hopes to be in it long term, a great lender relationship may be VITAL to your survival during hard times and your ability to take advantage of wealth building opportunities during good times.  

assume its owner occupied - why not have the seller seller finance a portion of it?

As @Tom Gimer and @Peter Walther write, why wouldn't they isure is a vital question. 

I fully believe that in the end the new capital will save the deal for ODC, they’ll be able to return a small single digit EM to the pref equity holders after 10 years and the original LPs will still lose a portion of our investment.

The difference in this portion of the execution can be $30k-$60k/yr more money in your pocket vs. that of our competition all other factors equal (such as the property size/location).Next, to drive costs down, I co-host (only for clients) at 15% which is 5-15% less than the large PM firms.  

If this represents a small portion of your portfolio that could be easily replace then why do it?  

Here are 5 tips that I like to share with my new team members to help them succeed.Focus on Building Strong Relationships - It is vital for your success to build strong relationships with your clients, colleagues and managers.

Condos are often terrible rental properties because the HOA controls a large portion of the costs.If you want to get into rentals, take the proceeds and roll it into something else.

Recently its down to 4.82%, so if we keep in mind our margin or the fixed portion the lenders add on top of the index to come up with your daily rate calculation is going to be as follows:4.82% + 3.75% (example margin for AIO) = 8.57% so we'll round it up to the nearest .125% which should be 8.50% interest only.Given that prime is 8.50% already and there is a margin on top of Prime for most HELOC's out there from .25-3.00% your traditional HELOC would be much higher rate than your comparable AIO loan comparatively.So just some food for thought.

However, that 250k per spouse of capital gains offset only applies to the portion of the property that you resided in, and you will still have to pay capital gains on the portion of the property that has been used as a rental unless you execute a 1031 exchange.