Jose,All I can suggest is to shop it. 

Would be happy to connect you with a seasoned PM and sales team(one-stop-shop!)

I am trying  to purchase a multifamily house , outside of the city where i live it wis about 150  miles from my location ,  how do i figure out the demographics of the area and also the medium income around the area where i am planning to purchase . do i need to look for any big stores/shopping malls or any govt offices around the area to see if the place would be ideal for purchasing the property for renting it .

Hey peter, absolutely agree with you on the shopping on price.

You may be able to reduce expenses through energy savings, appealing assessed values, shopping for utility providers, etc. 3.

The property has a laundromat ($24K/yr), mechanic shop ($7200/yr), and 2 mobile homes (owned by the tenants) on a month to month lease ($400/mo).

I am in orange county, specifically Santa Ana and could not find a bar or coffee shop where real estate, escrow and mortgage professionals meet to network.

We’re a one stop shop for everything you need.

(These loans aren't cheap and so I am going to shop it around some more but let's assume this is the best I find.)  

If you are just holding the lot, then there are more favorable terms available than what you are currently experiencing.I always recommend shopping at least 3 different lenders (even more), as every single institution has different terms and requirements, and they all offer different financing products.