Is there a leak?

Interest Expense- when you do monthly "P/I" payments there is a portion for interest expense and principal paydown. 

Any guidance or info for that first sale would be greatly appreciated. 

Are you looking to stick with your local market?

I realized that there are very few lenders willing to lend on a property under $100K. 

Why Violations & Open Permits Are a Golden Opportunity 💰Most buyers panic when they see issues like Stop Work Orders, Work Without a Permit violations, or zoning conflicts—but these challenges can be your biggest advantage.✅ Sellers Are Motivated to Close Quickly – Properties with violations scare off traditional buyers, so sellers often slash prices just to get the deal done.✅ Leverage for a Lower Purchase Price – You can negotiate major discounts by factoring in the cost of resolving violations.✅ Escrow Deals Can Keep Deals Moving – Many sellers will agree to put funds into escrow to cover compliance costs post-closing.✅ Cash Buyers Have the Upper Hand – If financing is difficult due to violations, cash buyers control the negotiation and can secure massive discounts.📌 The Reality: Violations don’t mean a property is worthless—it means most buyers don’t know how to handle them.

Hello Patrick,What kind of commercial property are you looking at?

If you don’t have HOA or pay any of the Utilities. …..now the problem is in the Tulsa area that deal that rents for $2000+ mo and can be purchased “all in” for $150K is much harder to find. 

First time home buyers bought this Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

There aren't many assumable loans, but it's worth the effort to find one.