Here is what I wanted:74K loan with 20% down total purchase of 92KPrime rateno points30 yearHere is how the conversations went.lender 1 (Big Bank): gave me the interest i wanted, wanted pointsLender 2 (smaller Bank) would not lend that little amount with out increased rateLender 3 (Regional Bank) would not lend to out-of-state borrow without 30% downLender 4 (Big bank) gave me everything i wanted but would not allow seller contribution increasing my cash to close by $1840Lender 5 (Regional) bingo got everything I wanted and learn some lessonsPoint of this post. for newbies know the terms you want and stick to your guns.

Bingo.

In terms of zoning the building has been a suit factory, bowling alley and most recently a bingo hall, the zoning is "C" which is high use, but obviously not as high as Interchange.

Bingo...Buying cash then refinancing may be your best bet.

Can you offer her $112,000 cash in hand in two days so she can be playing bingo in Boca by the weekend? 

Bingo!  

Bingo!   

Bingo.

Don't just put a body in there to put a body in there, you wont have the time, energy or money to evict at this point.Take cost to remodel plus cash flow to the bank with your asking price, if you can get a pre approval to buy the property than present your offer with what is needed to spend on property.It took me a year to get the bank to take my offer, once a month I would stop by just to say high, they had other offers, but then they would go to the building find out what a disaster it was and either walk or change the offer, the bank always said no, why you ask, because not one of the offers came with a pre approval, unbelievable, cash talk BS walks.The Bank I received the loan from looked at the remodeling numbers than market value after completion, I took the banker on a tour of said property showed the my written plan and bingo, he says this is a great deal.

BINGO!