I couple of years ago, I owner financed a property I had paid off to a credit worthy young couple and the check comes in like clock work, allowing me to collect interest (at above market rate) a first mortgage on the property for security (all done with title company and their atty prepared documents).

Main items are age of building, type of roofing system, does it have heavy power, are the floors rated for heavy loads, loading docks, drive in doors, truck access, rail access, public utilities, credit worthiness of the current tenants, long term leases vs. short term, any environmental issues, etc...

Who knows what the future will bring, but now you've got an exit that most people selling do not have.If you get all or most of that list, you will be doing better than what you could get from a traditional mortgage lender.If they want 25% down, 12% to rate, 2 points upfront, etc etc, then you'd be better off getting a traditional mortgage assuming you otherwise qualify and the property is in sufficiently creditworthy condition.

A lender should look at the collateral your capability to repay the loan and your credit worthiness.

If personal guarantees were required, would the lending institution have the same credit-worthiness requirements of each personal guarantor as with a personal loan?

Amount you can borrow is based on your income, but also your debts/monthly obligation.Your interest rate will be based on your credit(worthiness).

Perhaps this is good for the marginal buyer in that it forces them to become more credit worthy and save more.

Because it seems that they really emphasize the credit worthiness of a multiple-tenant base.I guess I have a lot of questions.

Nathan correctly points out that there is an opportunity cost associated with tying this cash up until you are creditworthy to pull it out.

This depends on your personal credit worthiness and the income/equity in the house.4) A mortgage officer will manage the loan process for you, I still know very little about this process and I don't believe it is really critical for an investor, outside of knowing how much money you can have access to and what the cost of that money is.