The property has two residential units on the second floor and first floor is a retail space.

I literally laughed through the phone at his suggestion, because I was broke, in debt, and in every way and unqualified borrower, and the lending environment in 2012 was probably stricter than it had been since the invention of the 30yr mortgage.

Suggest you monitor the media feedback during the NFL Draft this weekend - which we expect to be very positive!

If you are considering this approach, I suggest you buy an A-class property in a landlord friendly city and get a PM.

When I see deals that do pencil for an investor, the LTV is 60% or less (I deal with mostly retail and industrial). 

I have not paid retail for RE in many years and would not in my high cost market (average SFH is ~$1m).  

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

These are becoming very affordable from retailers like Home Depot and Floor and Decor, and they really set you apart from builder-grade homes!

Moreover, the economic ripple effect will likely increase the need for commercial properties, including retail spaces, offices, and support services for the new facility and its employees.Strategic Investment OpportunitiesFor real estate investors, the strategic implication is clear: now is the opportune time to invest in Columbus.

For C to B-Larger developments announced nearby-Increased activity in new construction-Building of commercial retail in or near the neighborhood.