In my experience with doing real estate financial modeling for developers and commercial building acquisitions there are 4 basic profit return components which are Cash flow, Appreciation, Loan Amortization, and Tax Shelter.In your case, I think the key focus should be on the commercial mortgage or loan amortization structure and rate.

Know there will be times that market sentiment aligns with your thesis and times when things will get really slow and lean. 

Not keen on seller financing component.  

Ultimately, it’s about aligning your goals with the right strategy.Makes sense.

It could be in the state or outside but they have to align with your goals and vision.

The long-term nature of performing loans really didn't align for us.

That says a lot.I’m holding onto this phrase you shared:“Es mejor ir por individuales y dobles, y sorprenderse cuando golpeas un jonrón, que tratar de hacer de cada trato un jonrón.”So true — it perfectly aligns with my approach.

The key is aligning your strategy with your goals — cash flow now vs. long-term equity vs. a mix of both.Would love to hear your goals and help bounce around ideas!

They connected me with markets that aligned with my investment goals that would have taken a lot for me to find individually, and the process was made much easier by their network of preferred vendors and partners.

You may be able to accelerate those deductions through cost segregation, which allows you to break out components that can be depreciated faster than the full building.