If the total debt is $651M, there isn't any equity to chase or protect, especially if that is the "balance" (Which doesn't mean that is the payoff, when you factor in foreclosure fees and costs).

I am an electrical designer and I have my LEED Green Associate Credential from USGBC.

@Ramzi Nuseibeh yes, you can have more than one property and should hold that money in a designated account separate from other funds.

@Tom Smith Just make sure you run the numbers factoring in the taxes.

Does the S Corp designation affect owner occupancy, if at all?

@Karen Higgins ,Great replies from other members above, but please factor in the limitation on the NOL starting this year.

Usually you want to stay under 40% debt-to-income but I see loans at 45% get approved all the time given they have compensating factors.

What are the factors that make you think so?

So you have to factor as a buyer market vacancy, reserves per foot, and any leakage into your numbers to get at a reasonable NOI and not what is usually listed on the offering memorandum pro-forma.What is customary to be paid by tenants varies by what is negotiated. 

This can affect your time on market as well as your final sales price.I’m also not trying to talk you out of it (I have a couple myself) just make sure you factor it into your underwriting and make sure you buy right.