@Mary lou L.I'm open to all types of floor plans, just as long as there is room to operate.

I'm a little surprise to see that no one mentioned the wonderful benefits of federal, state and sometimes local tax credits offered on commercial property investments. it certainly falls in the category of the title...Kudos,Mary

Your 8-12% can suddenly look more like 12-15% - even without any icing, that's bloody good to take to the bank.Ziv Magen

And yes, Marie, it is still open, 26 years later, and it actually is not late, just high balance lowering my credit but not nearly as bad as late.

@Allen Maris @Nicholas Moffett I would agree with u on tile it all if you are in FL and CA,However if IL is as cold as PA :) laminate, vinyl, carpet may better. 

So I was hoping to see if there is anyone who has had any luck/experience with lenders in Southern New England (CT/MA/RI)?

Hi @Chitra Mary,Before you do anything you need to make sure the house is not historic and you can knock it down.

-Marie

I ran across, what I think I remember being a podcast where Brandon Turner was explaining how to get rentals and pay them off. It was something like, you buy 2 a year and refi for 15 years, but at some point use the e...

About to wrap up "Art of the Deal" by Trump and getting ready to start reading "Investing in REIT's" by Ralph Block.The latter was a choice inspired by advice in Mary Buffett's "Buffettology" about getting specialized and fully understanding the business you're investing in.