I asked my hair dresser if he has to run and borrow short term money to conduct business and he said "no, and I'd be closing the doors if I were" .A landlord sure can't run out and borrow short term to pay his mortgages and expenses or he'd be in trouble too.Congress is so out of touch now that Greenspan and Bernake aren't worthy of their worship.

Here are the rent rolls per month:$2400 - Hair salon, uses two units. 3 years left on lease, been there since 1996 and has an option contract on the property which expires when her lease expires (but the seller doesn't think she'll want to buy the property)$1350 - Cigarette store.

Also the total level of the debt compared to the value.We are on the same page but the subtle differences can be confusing to some reader so splitting hairs is a good idea.

You are not selling the property.Splitting hairs matters if you want to keep things legal.Note that when you sell on a contract the buyer's lender might have an issue.

May want to try Donnie Haire at First Federal Savings Bank in Huntington, Indiana.

Research your market and qualify your tenant with a fine tooth comb. :)

(first time LL and I already wanna rip my hair out)

They all have hair on the deal and risk but that’s why they are 60-70% of there value.

He has a bushy mustache and long, thick, flowing hair.

A store front that is vacant with a hair salon in the back of it.