@Matthew Schroeder thanks for the calculations on the cap rate it would appear that if Blaine wanted to leverage the equity in the units by maybe adding a few upgrades and flipping the units to an investor or someone who is more inclined to stay in the town then this may be more attractive. 

Very symbolic.  

This is a solid A- property that attracts great tenants, but I can and do expect turnover costs each time.  

The lower rate and fixed terms are more attractive.  

Course there are other really scary signs such as the return of No Doc loans, very attractive credit options, easy access to other funding, TV shows creating a large class of buyers that think they can get rich quick by flipping houses and the huge surge in interest for "passive investments" by people who may not be prepared to properly vet the provider or to live with the problems when they come up. 

I try to avoid a lot of 1/1s because they don't attract stable tenants. 

Quality units attract quality tenants.

Are the suburbs in better condition and attracting better tenants?  

A 10% return in today's market will be very attractive to a lot of people, and you could offer that and still save a bundle vs. a hard money loan.  

Twitter, like all social media is about mass,  The more mass someone has the more followers they attract.