I took out the full 70% which came out to $308,000, leaving roughly $3,000 of my own cash into the deal.When you look at this deal through a cash-on-cash analysis the yield looks insanely high but what that analysis fails to account for is the amount of equity I left in the deal.

It's easy for me to say this since I don't have any skin in the game here, but I have seen enough inherited tenants to know (at least for me) it seldom works out long-term. 

Feel free to leave a reply, send me a message, or connect!

Thanks - you guys are right, he's just looking for better terms and a new connection - One of his go-to lenders (that we've used before as well) has retired and her replacement team leaves much to be desired.   

I told them they need to leave after they made me loose 220,000. 

I told them they need to leave after they made me loose 220,000.

Yes, when roaches have a trail they like to follow behind the walls, they leave droppings during their travels. 

My point being that not all FSBO deals are over priced and you should use a professional so you don’t leave money on the table.

Here is my question - If there is extensive construction in many of the US Primary markets, quickly rising home prices and rent growth, at what point will affordability in both SFH prices and Rents impact the apartment sector in these markets and leave the large construction base bare?

If you fully financed the $168,300 @ 5.375% you'd be looking at around $942/month in P&I, which when taking in conjunction with the increases I mentioned in vacancy and CapX basically leaves you net $0.