If you're looking at commercial real estate and considering SBA financing, you need to know the difference between the 7(a) and 504 programs.SBA 7(a) Loan – The Versatile Option✔ Max Loan Size: $5 million✔ Down Payment: As low as 10% (varies by lender and deal structure)✔ Eligible Use: Real estate, working capital, equipment, partner buyouts, business acquisitions✔ Term Length: Up to 25 years for real estate (10 years for other uses)✔ Interest Rate: Variable or fixed, typically Prime + 2.75% (capped by SBA)✔ Key Advantage: Flexibility.

The going rate varies by market, but some agents will do it for free in exchange for any unrepresented buyer leads, while others may charge $50-$100 depending on the demand in your area.Wishing you and your wife all the best—exciting times ahead!

I’m assuming this varies from lender to lender?

The lead sponsor is super important and that varies from deal to deal.

As of 2023, if a single-family home was worth $150,000 in 2019, its appreciation rate could vary significantly from that of a multifamily property bought for a similar price.To break it down further, let's assume both property types appreciated over the years.

One thing to consider is fee structure, which apparently varies widely in this segment.

This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.

The experience varies based on location, tenant management, and financing, but overall, it’s an excellent way to get started with minimal upfront costs.Good luck!

Another option would be to connect with the hospital's administrative offices, as they may have partnerships with local landlords for these types of accommodations.Regarding utilities, in mid-term rental situations, it varies.

Policy limits vary but your father will have adequate coverage with Vanguard, Fidelity, or Schwab.