Agency debt is also not going to be possible under $1M (as pointed out by @Mark Allen).Best bet: Either find additional capital partners, tap into bridge loans for short-term financing (while you sort out your liquidity position) or pass on this deal. 

I obviously don't want something with negative cashflow, but since I won't need the cash to live off of, I'm not as concerend with this number as I am the other two, as long as it's positive. 

How to do I position myself best to refi with the bank?  

I think I'm looking at a cash-flow positive scenario, even without selling off the 2 extra acres, but not if I have to wait years and years to get it unleveraged.Thanks, all.   

Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

Hi Account Closed, Even with 15 yr mortgage is it still cash flow positive?

SFR my wife’s original home; rented it for 28 years with positive cash flow.

Was looking for recommendations, tips, advice, mentorship, to help point me in the right direction with beginning a full time position once I’m out.

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

Based on your current financial position, I would say you have more than a fair chance to reach your goal if you work at it.