I could get all my money back out (except closing costs) if I did a 80%LTV, however that would be at a 9% interest rate unless I decide to buy down the rate.

My tenant is clearing out right now, and at the rate he has been packing and moving, I think he will be gone within 24 hours.I'm tempted to throw an air tag on his car, so I can have knowledge of his new whereabouts for this purpose. 

There are several reasons for that including but not limited to, landlord friendliness, lower prices, population growth projection, positive job growth rates, lower crime rates, 1% rule, to name a few.

My thought is to pay the going rate of 10% of monthly rents to PMC.

A diverse set of locales comprise the 20 markets withthe highest availability rates and leasing times for small industrial spaces.The four largest Texas markets, Austin, Dallas-Fort Worth, Houston and SanAntonio, all rank in this group.However, most of these 20 markets with higheravailability rates and longer leasing timelines than most locales still havelimited inventories of small industrial spaces available for lease.

I also have a 3.5 interest rate.

The implied cap rate for the property is 4.5%, which is ~10bps below the current 10 T-Bond rate.

If banks didn’t have fractional lending they would not give mortgages either as with inflation you lose money over timeFor example:Take $1M as an example of a portfolio and put it at 7% seller financed vs putting it into an investment that gets 6% but doesn’t pay your principal back and is taxed at a much lower rate and see how big a difference that isRoughly $1.4M interest vs $1.8M and taxed at 15% less rate it makes a huge difference.

I see the schools get pretty good ratings, but I would like to also appeal to a broader audience.Any insight on the general vibe of those areas would be much appreciated!

Shopping around for the best interest rate and a rep that will actually give me a call back.