The building currently uses natural gas for heating and hot water.

As far as cost, check the natural gas vs electric charges in your area. 

Naturally the other benefit is owing less principle. 

So there is a natural evolution. 

@Dorian Spence - If there really is an active warrant out for the tenant, let the authorities know he's in your property so they can pick him up.Contact a local landlord-tenant attorney about the specifics of the eviction.

You can look into things like house hacking, partnering, or even picking up a simple cash flow rental in an affordable Midwest market just to get your feet wet.

Close to a 1% difference.It depends on your strategy more than picking one versus the other. 

I expect rent to remain flat for another year, then pick up in a year or two as inventory decreases.

The nature of the disability does not need to be disclosed.

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.