Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

The ADA defines "readily achievable" as “easily accomplishable and able to be carried out without much difficulty or expense.”Without much difficulty or expense is substantially different for a small mom and pop restaurant than it is for Google or TJ Max.

The agent says that conservatively I could bump it up to $1600-1800, with it being at $1400 would you say I should try to increase it to $1500 for next year and steadily increase it from there or make the bigger jump straight to $1600+ and risk losing the tenant?

Its great that the seller is will to carry a note in a seller 2nd as well, that will help reduce your require monthly payment with the right lenders.

Now I'm really torn, but think it just has to kill it for the issues of risk.

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

Can you carry the property for the construction period?

Sub30k seems to fit this bill, although I recognize there is also substantial risk associated with it when done improperly.

Let the guys who risk their money help you focus on good areas.4.

Personal Circumstances: Consider your comfort level with debt and risk.