What constitutes a default under the loan?

(Nothing contained herein is intended to create an attorney-client relationship nor to constitute legal advice.)

Then increase rents as a sur-charge when prices increase over that allowed price to the rents.Make sure the amount charged is made a part of the rents then due so that non-payment constitutes non-payment of rent.

(My Monclova Property looks like a complete dog on paper except it has appreciation and the same tenants have been there for five years and I never have repairs or vandalism or late rent to worry about...the resulting profit is difficult to ratio)Conclusion- invest in the highest profit category you are comfortable in...I have a cast-iron constitution so I own in some really great profit areas.

you are incorrect when you say you have no lease. acceptance of rent constitutes a legally binding, ORAL, month to month lease. you cannot give 2 weeks notice. you must gove 30 days notice, and one full rental month. that means to raise rent on april 1, you must give notice before feb 28. this is so they have one full months notice. if your state laws said 60 days, it would be two full months. download your local tenant laws before you get yourself in trouble

@Tommy Spijkers what constitutes "a deal" is going to be very goal-dependent.

You'll have to ask the city what constitutes a commercial property; it could be small apartments qualify.  

I wouldn't trust a tenant to take care of the yard and wouldn't want to fight over what constituted care.

Benjamin C.The 2% cap is in the state constitution as of 2010.  

Just want to gauge what would constitute as lowball offer.