The price per sqft is very high for an office built out for medical use.. however, there is an in place tenant paying strong rent with 3% increases for 10 years (close to 7% cap, NNN)What I don't understand is why the tenant agreed to pay close to 2X market comps in rent in price per sqft per year for this facility.

Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

Hello,First time poster and fairly new to real estate investing.

I wanted to partner with some of my mentors so I could learn more about new construction without taking on all of the risks by myself.

Hard Money loan How did you add value to the deal?

However, it's definitely been tough to find solid deals that cash flow well as of late, at least on the long-term side I find it to be true, and counting on potential increased demand is a tough investing strategy. 

Hi Clayton, welcome to BiggerPockets!

Would love to!

Financing options up to 85% loan to value are available on 1-4 unit properties for an investment transaction.  

I have a $320k HELOAN at 9.125% that I used to construct an ADU in my backyard.