Our lender told us that we would have to put 25% down since the property would be income-producing. 

Option #3 additionally offers the opportunity to diversify across different types of projects and different (and shorter) hold periods.ReturnsThe syndication deals provide substantially higher IRRs and equity multiples.As cap rates compress and interest rates rise it seems to have become very difficult to find stable, performing investments (residential or commercial multi-family) that produce high teens or above IRRs on a 5-7 year timeline.

I'd like to produce many different types of spirits and break them down to their individual components to help teach people how these change the final product.

If you're putting up the down payment, that's $184,750 in cash producing a cash on cash return of 3.5%.

Property titled in LLC, I produced a copy of the deed in court.  

Generally, under U.S. tax law, a 1031 exchange allows you to defer taxes on an income-producing asset that you have held for at least one year. 

Looking for an agent that specializes in income producing residential properties.

My plan is to accumulate a few more similar deals and then refi them all when I'm ready to invest all of that money into a multi family property; but the deal has to produce enough cash flow to cover the difference and still produce solid cash flow on top of the added interest, etc. 

I don't plan to live on the property forever, but when I leave I'd like to have it stable and producing something if only a little as I move on to bigger (or smaller) things. 

All that said, my intuition tells me that the political inclination produces some of the NIMBY thinking that justifies some areas looking like a third world country.