Hey @Kathleen Diaz - congrats on finding your first potential deal!

Excuse my potential bad use of terminology here as I am very new to REI and am trying to get creative on my financing strategies.Basically, I have been looking into REI around the Seattle area (I live in Redmond, Wa) and want to get into the market while its still on the rise and while I am young (I'm 25).

Nothing like that adrenaline rush from spending hundreds of thousands of dollars in a go ;)I like to meet my potential tenants in person after screening, start building trust and making sure I'm not a faceless bank account to them.

Often times newbies get visions of grandeur in their heads of huge potential returns on note investing.  

As far as potential clientele, there aren't just the people who live on base, but also those who are retiring or separating for other reasons, or those who have decided to stop renting because of landlord troubles, as well as the civilian personnel that you'd come in contact with.  

And you're calculating this higher cap based on the current NOI and not the potential value add, right?

The barrier is not technological capability - there are 10s of thousands such buildings in Europe {search on Passivhaus} - but lack of will (economic and political).Equally important, and potentially more difficult problem to solve, is retrofitting of existing building stock to achieve significant energy use reductions in a cost effective manner.  

Just make the terms reasonable, going back to the potential things-going-sour bit, a judge will not side with you if the terms include a 2,000% interest rate :-).On a separate BiggerPockets podcast, I vaguely recall a mortgage officer from Texas saying private investors can run up to 5 mortgages nationally without any license.Hope this helps.

I have some capital and other potential value add to contribute to a deal.

@Jamie HenkinAbsolute yes on the inspection - no matter how good you know the turnkey company, how many properties you bought from them in the past and how much you trust them, I would ALWAYS order a professional inspection.Even more so, I would not go with the property inspector recommended by the turnkey company to avoid any potential conflict of interest.The turnkey company may have missed problems during the rehab, they may have cut corners on other things and just ignored more things.