They're  concerned that the borrower is going to do something stupid, drive the property into a ditch, impair the property NOI / cash flow, and thus impair the mortgage bond. 

Tax Liens, Notes, Short Term rentals, single family long term rentals, commercial, mobile homes, oil and gas? 

Their only other bills are their mobile phone and car insurance, and with the rest of the money they save on rent, they can spend it on other priorities, whether it’s expensive toys, travel or paying down debt.

Thus, I have been looking into the apartment complex space and continue to educate myself in the event that opportunities continue to be brought to me.Sooo In digging into a number of courses my concern is this with the larger 10+ apartments and high numbers 1 million and up.

Plenty of opportunities.One thing that might be of concern to me today, as if I remember correctly they were out of Philly or Pittsburgh.   

My concern is that when we take over, we’ll need to start from scratch with our own branding.

Other empty drugstores are becoming plasma collection centers, thrift stores, and car washes.While repurposing drugstores can be challenging, especially when dealing with building design and community concerns, their prime locations make them ideal for creative reuse.

My hangup is that even though the HOA is not allocating $85k for the reserved this year, they will have over $200k in reserves (over 20% of the $850k budget) Everything else has been cleared by the underwriter (insurance policy, occupancy rate, ect..) but I am concerned this deal will fall through because of this issue. 

I'm ok with that but concerned about liability.  

I am concerned about the 5 yr PPP because I would like to refinance to a lower rate at least within 3 years.