Usually tenants like that will not properly care for the unit, so I would make sure you will be able to cover the cost of turning over the property. 

Hire a lawyer to come up with a proper commercial lease and other documents.

I would focus on trying to get some good high credit line credit cards with 0% balance transfers, and keep moving the money around until paid off. 

@Mikael Lickteig As long as you can provide statement showing 0 balance, you should be good unless your lender has some kind of overlays.

This happened to me once when I didn't properly screen the bank requirements upfront.

You can do it but properly doing it tends to cost a lot on legal fees to do it properly to protect both parties.

In think you mean “ terms” Good terms seem to be 10-30% down 6-7% interest for the balance Monthly payments till it’s paid

Make sure you have good insurance and umbrella insurance, proper property maintenance and management first - but keep in mind, insurance doesn't cover you in all the scenarios.

Newbie from Palm Beach Gardens , FL.Hello everybody.Even though I wrote on the Bigger Pocket forum, I have not yet introduced myself properly to the BP community, but before I want to thanks Mike M specialist from Paradise Valley, AZ for has been the first person to welcome me.

If they see that you have a strong balance sheet and are conservative, they will often devise solutions for you.