Find out what the local regulations are and check the local paper if there are any restrictions being proposed for the area. 

Mayor Tim Sandoval and several other Councilmembers listened to proposals for rent control from RSG (consulting firm out of Vista, CA).

Now for the good stuff -- my naive proposal. 

I think the proposed NAR settlement is a good thing.

I witnessed a prime example at a national REI conference recently when a new but solid “cash buyer” proposed a live question to a panel of “experts.”

To do this, you need to take ownership and responsibility for your work, look for ways to add value or contribute beyond your assigned tasks, identify problems and propose solutions.

I'm going to propose that to him writing today.

Why is this proposed?

I'll throw it out there as an option, knowing that no one is really going to take it.Your proposed transaction is low leverage, so very good terms should be available, but FDRs New Deal in the 1930s (which created the kid-friendly home loan ecosystem -- home loans commonly had 10 year balloon payments before that, even if you put 50% down) was only for homes, not for CRE.

Like @Matthew Paul said, if you use a commercial sander and do a couple of passes, you will essentially fill those holes with the dust.