I pushed the deal forward with multiple banks understanding that there was a good chance a banker would get pushback from underwriting later in the process.

But because he raised rents each year, and rents were increasing by ridiculous rates, tenants constantly moved, had to sell the property at a loss several years later due to constant vacancies.Finally, the most interesting situation I ran across was a tenant, a 93 year old tenant paying rent on a 2BR apartment for $90/month.

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.

I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.

So for every 24,000 shares purchased at $10 per share or $240,000, the investor, 20 years later owns 1 share worth $3,105.  

Eleven years and 28 properties later I'm finished with the rat race; I'm 50. 

Just show the arcades, and you can show pics of the rest of the room in later photos.Your first pic is important, and also the first 5 pics, because that is what shows on your landing page. 

You have fixed cost so it is better to get some bodies in there so you can get market rent later. 

They were so traumatized by it that years later at a restaurant they wouldn't pay an extra 30 cents for blue cheese salad dressing. 

My realtor is reaching out to local lenders now to ask questions so I'll see what they tell me directly but I'd rather buy more sooner than later if we can.