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.

I will definitely look them up. 

The Commercial Loan Officer I am working with comes up with a Loan Amount of $336,000 (Total value is $448,000) because of the low rents.

Off-market, agent-listed, or are you networking with other investors who have deals lined up?

Have you found that secondary markets in your area are holding up better than the big cities?

Once renewal period comes up (if they've been paying on time and causing no trouble) you can decide if you want to keep them or move on. 

When I was first starting out, I would walk the property by myself and try to come up with a highest budget possible and make sure I was taking into consideration the high ticket items like Roof, foundation, HVAC, HWT, etc. 

The couple broke up and the BF left the house and decided he was not going to help his GF with the rent anymore, although they are both on the lease. 

On Monday i gave her the city inspectors no, to call him and clear this up. today she said she has been calling, he doesn't answer and she leave VM.  

Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.