I noticed we did not state in the lease that failure to pay was grounds for termination, only a negative report to the credit bureau.

currently in the rehab phase of a 203k that's about to wrap up early September. 

A commercial lease for the ground floor tenant would typically extend for multiple years with "a high quality" tenant wanting more for less. 

Even if there weren't clothes on the ground you'd still have a moisture problem in the unit.

VP of Operations at a college (new construction, Facilities and Grounds, SFR purchase in surrounding neighborhoods), Personal residence (live in  flip), MBA emphasis in Entrepreneurship, Analytical work for a private equity firm-Mike

The bank may use such transfers as grounds to threaten that the loan be paid off  based on whatever the 'due on sale' clause stipulates in the contract. 

So it is a ground up project for mixed use.

You can buy turnkey properties out of state (which I would be kind of weary about because you won't have boots on the ground and really know the area or be able to fix things easily).

We are looking for the best way to get started to get our business of the ground. 

Figured Id take a a quick second to introduce myself to the Bigger Pocket community.Reside in Fort Laduerdale, FL with extensive back ground in capital markets investing.