Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

David, this deal could work, but I’d want to dig into a few things first. 80% occupancy with long-term tenants is solid, but what happens if a major tenant leaves?

Do you believe in it’s mid to long term growth potential?

I have 3 long term rentals, but this is my first time with commercial property. 

Some focus purely on numbers, while others look at long-term value, location trends, or creative financing strategies.For those of you investing in Chicago (or similar markets), whats your mindset when evaluating off-market opportunities?

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.

Nashville is a fantastic market with strong rental demand and long-term growth potential.

After I fill the last vacancy, the building will generate as much cash flow in one month as its predecessor would have generated in a year.There are so many other stories whose origins are with that same knock on the door, but this one's already long enough.

One thing to consider is that in terms of wealth building and Kiyosaki's Cashflow Quadrant, owing a rental and doing work yourself is putting you in the self-employed quadrant, not Business Owner or Investor.I think there are a lot of factors stacked against California for long term rentals, and I think you know it too! 

The picture they have on Zillow vs one of the several I have with the same view:I don't know who your current PMC is, but I had to switch from my initial one in Warren, MI as it was taking too long to get a renter placed.