You're not obligated to select one, but it will give you an idea of the going rates.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

Competitive rates and a good track record of finding long term tenants.

Another great avenue would be to start wholesaling, that way you learn how to find discounted deals, sell them to investors in your network you can learn from, and make some money! 

Why not just do a promissory note with a set interest rate for a set number of years.

Sect (f)(1) - This would require Landlords to keep rent at the current, lower rate for 90 days even if the current Tenant does not accept the increase and decides to move.

For you interest rate to jump like that, it doesn’t sound right or ethical.

If you can swing living in one of the units of your new multi it could help to lower the rate on your loan by about a point, which I highly recommend.The process is almost the same but your inspection is going to cost more and you'll have to take over the leases of the tenants already in place.

Of course these two rentals have very good interest rates, but if we want to invest right now, we won't even break even.

And right now some deals (less conservatively structured with high debt, floating rate loans, etc) are under distress and had to stop distributions.