While we are not opposed to a bank being a part of the member's mortgage, an actual bank being a member would probably be frowned upon or need some sort of bylaws change.

It still has fuses as opposed to circuit breakers as well (I would try those Edison plugs with built in circuit breakers) I am thinking if I do become owner, I would probably give a heat cost allowance each month of say $300 and divide the remainder among the 4 units? 

@Steve Vaughan That's a great point about dealing with a real person as opposed to an LLC.

It would have been nice to have everything 100% complete much sooner as opposed to living without a full kitchen, as I am doing now! 

If your broker is opposed and you are serious about wholesaling, consider changing brokers.

PVP (including the less jumbled up blocks/areas of san pedro) is synonymous with luxury (unlike Compton and increasingly many urban areas of socal) so at least there is value added / luxury potential appeal to any multifamily you invest in, ie get as a fixer upper deal and actually hold long term for rent cashflow - as opposed to flipping(which subjects u to capital gains).

Commercial loans obviously do not cash flow as well as conventional loans seeing that this would be a 20 year term with a five-year balloon as opposed to a 30 year term with a lower interest rate.

Obviously, there are fewer properties, fewer employers, less demand for rental housing, as opposed to high density urban areas,  but I'd like to stay within a reasonable distance from my "starter property", as I currently live NW of Mpls., about that distance away.

No worry about that lien.I think what Adrien is referring to is an IRS lien as opposed to a property tax lien which is what I assume you are talking about.I get the sense you are new and don't know how to proceed regardless of the lien. so in simple termsEvaluate the property, how  much is it worth in it's current condition?

I've been leaning towards my smaller local Credit Unions as opposed to the Big Names, because they usually don't send deals to another city or state for underwriting.