Shouldn't a property thats big enough with a high enough price and financials be qualifying enough that financing can be determined based on it's own merits?

If it is unlikely that you will find a tenant that can utilize the existing improvements, then take them out and put the space in a “vanilla shell” condition.2.Put a professional leasing sign in the space and on the property.3.Put a professional flyer together outlining the merits of the space and the property.4.Distribute the flyer to potential tenants and to the brokerage community.

To the OP, the criteria is fine to an extent on each of their own merit.  

I will however run the numbers again and see if it does cash flow to merit over payment.Thank yoU!

I even extended the ceramic tile into the bedrooms all the way to the door (a very high traffic area that was just killing the carpet there).Each type of floor covering has it's merits and I don't plan on changing anything in the condo.My rental house has carpet in all the bedrooms and hallway.

You have to evaluate each property on its own merits including and most important what the home will sell for in a repaired condion.

I beg to differ with some of the other posters; there are three accepted methods of determining the value of for all properties (to include commercial): - Cost Approach- Comparable Sales Approach- Income ApproachAlthough the income capitalization approach is the most popular approach for those evaluating the merits of an investment, one should not ignore the other points of references available to you.Regards,Scott Miller

Is there any merit to various advertisements about the benefits of incorporating in Deleware?

IMAGINE, IF THERE IS ANY TRUE MERIT TO SUCH FIGURES - WHAT YOU COULD POTENTIALLY EARN WITH $50 - $100K OF MONIES INVESTED AT THOSE RATES!

Our fund's legal documents cost about $150k, which is absolutely ridiculous.Another thing that should be mentioned about Regulation A is that you have to do state by state registration for "merit review" and that is a huge part of the reason people aren't using them.