@Nick ColvillI don't have extensive experience on the commercial side but I do know that each lender will look at 2 main factors when evaluating a commercial mortgage loan - The LTV and the Debt Service Coverage Ratio.

analyze 10 deals a day talk to 10 local investors a weektrack units online to find asking price versus sold price read the local news extensively for job, population, and growth newsdriving to a location helps, but not as much as data.

And takes on ALL the hard cases.. and I guess its just an extension of prison at some point.. same guests.. different venue.

Does the property need extensive rehab?

use extensions to closing if needed. and available.  

Anyway got a lawyer involved and the decision was she has to be out by September 30th 2018.. today she calls me up asking for a extension because she cannot find a place.

Some states allow text messages or emails as notice.What the landlord can do though, is as soon as your friend signs the lease for a month extension, the landlord can then send him the notice right after.

Yes, I agree with the SF comment, for me they are asking way far from what what is really worth perhaps betting on the potential of the lot (huge patio around the house) that easily accomodate an extra room extension for example.

Where should I go to get the tenant/landlord forms that are needed to start out (lease, extensions, etc.).   

Extensions are a pain and cost sellers money.