The facility is a 28 unit 6000sqft building in a secondary market that has very healthy demand.

They may just use income approach or the bank may do their own appraisal since the bank will likely hold the loan. 

Right now trying to fill two positions, one is hourly at $80/hour and the other is a salary position which including expected bonus will approach the quarter million dollar range in 2022.

Wondering if there is any advice or recommended resources for learning how to approach the whole process including namely all the due diligence needed before we pull the trigger on a deal? 

You should approach it from that standpoint VS you are owed a favor.  

I started out by running Spartan races, and cleaning up my diet, to eventually transitioning into a bodybuilding and powerlifting approach on things. 

I guess I'm looking for what approach an experienced investor would do in my situation, or if I should wait and just continue to build my knowledge until I'm out of school.Looking forward to responses!

I would like to approach the owner with an offer, but I’m not sure where to start.

What do you all think about my approach to this situation?

by selling now and "taking profit" as stock traders say, you re-invest in better properties and will have smaller cash flow to start but better return on equity.Any of the Refi approaches limit you to only pulling up to 75%, leaving 25% equity trapped.