If your property is up to par you won't really have many maintenance calls except minor stuff such as plumbing clogs which is more likely to happen and requests to turn the AC up or down which you can do on your phone but other than that pretty hands off.Vacancy depends on location and your Padsplit property score the more comfortable you make your property (mini fridges, tv's, outdoor area) the lower your vacancy rate but you can expect about 10% vacancy factor in a Padsplit friendly area (centrally located, easy access to public transportation).

Of course, if you have access to leverage that works, the deal will be even better so read on.b.

If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise. 

I don't have access to the MLS to run comps.

I'm new in the commercial arena. 

Usually only commercial properties with established operational expenses histories are evaluated by cap rates and then those cap rates can also be applied to buildings in certain areas representing higher or lower risk areas.

The other big issue here is the commercial insurance for a restaurant tenant is several times that of an office tenant. 

Once they learn how you do business, they will see you as less risky, offer better teams, and maybe even grant you access to cash you wouldn't get otherwise.  

I tried applying for various (commercial and residential) real estate loans.  

I was originally told I would have tenants in place before closing and I missed my commercial loan was partially based on this.