The reason is that we have a relationship with a regional bank that will provide financing and which if we limit leverage to 50% will (1) charge interest at their lowest commercial rate fixed for 20 years with no balloon, (2) charge 0 origination points and no “junk” fees and(3) allow us to sell the property with either a sub to or a wrap loan without increasing the interest rate - in other words no due on sale clause.  

Again, a little more than linoleum, but last a lot longer, and depending on color choice, most scratches are hidden.But back to my original point, your tenants will be the primary driver of your success in real estate.  

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Something I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

And by investing it somewhere it hopefully grows more than 5% per year- I have the possibility of having enough to pay off the mortgage even sooner than my original 25 year timeline. 

We are now closing in on a year since the original purchase, and the thing is still a mess...

I'm grandfathered in to the lower pricing of the past (was originally like $850 for their top plan, and I had 36k a month plan) - and they allowed me to add an additional market (which adds additional 36k a month) for a discounted rate.

Which is good for the original Retail Subdivision usage, but not for Storage being one of the properties.The way I do things I would just add it to my normal property checklist. 

Additionally with further rate reductions, many mortgages originated within the past two years would likely benefit from a refinance to then current mortgage rates. 

It's a 3 bedroom, 2 bath, 1105 sf house in a B neighborhood.Purchase price: $322k (Originally, my partner wanted to flip it with me, but I persuaded him to sell it to me.