The location and the time horizon are set it is just the numbers that I am not totally knowledgeable on, and seeking advice on.

No prepayment penalty on either option unless I refinance with a third party.Which is the better deal and why?

That would take another type of debt… note with 5+ units and commercial loans, there are pre-payment penalties which can hurt if you want to sell early and you’re not aware of them.

Hello everyone,Blake here in Frisco seeking advice on my first investment deal.

It was outlined with penalties on me, recourse, obligations on me, and if I chose to sell, they'd get a % of the sale. 2) Use an Attorney - Here's where I'm kicking myself in the leg.

Survey is a toss-up on whether or not it will be required.Is there a pre-payment penalty?

Survey is a toss-up on whether or not it will be required.Is there a pre-payment penalty?

This gives the tenant even more incentive to stop paying and seek "free" government money, which means you are likely to be behind the 8 ball for some time.I think I have 13 tenants that applied for back rent or future rent.

If you grow your portfolio right there will be plenty of lenders seeking you out to establish a relationship. 

Will share details (seeking funding/partnership) about deal in separate post in the Marketplace.