Exceptions that I would make - sex offenders who were 18-19 and got charged with statutory rape with an over 16 yr. old ... after 5-6 yrs. without incidence.Income ratio: Evaluate and set it and make zero exceptions, or expect to regret it.

but lease negotiated, 5 units mixed used bldg fully rented. just need to complete vanilla box and move dojo in.Thx for helping me through this. 2 yrs owning,  complete rehab, 15% cap, 2 commercial, 3 residential tenant. only 1 original from purchase (low rent).long term buy hold!

I was quoted a 5.25% for 30 yrs.

If this is the case, how is it that you have gone 4 yrs, run out of money, and still haven't completed the rehab of the property?

It might be 2 yrs before you make a principle payment (you just have to pay accrued interest on the loan annually).  

thank you for the great replies. i am looking to move to europe soon for a few yrs and so right now my property is breaking-even on rent vs loan payment and the price is down slightly.

I think I was about 10 yrs old last time I was in CA.

I have been mostly buying cash properties that need work, fixing them up, and then taking a loan on the final appraised value (80% of appraised value for 15 yrs).  

My SFH is 90 yrs old, 2 owners .  

Doubled in 6 yrs.