That amount would qualify for sba7a. i work with sba lenders nationwide, message me if you have any questions.

The month an outstanding loan goes into default; they place 10% of the outstanding balance of the defaulted loan into a Reserve for Loan Defaults (RLD).

I did a lien search before bidding and the only outstanding lien I found was for the one that is reason for the foreclosure, which will be satisfied by my purchase.I was told that there is a 10-day window where the defendant (or others) could make a claim against the sale before the deed transfer can take place.

The Subgroups are outstanding and informative, and the main meetings are fantastic networking opportunities even if you don't know a single person. 

with most commercial loans there is a balloon payment at yr 5, 7, or 10 for the entire outstanding balance.  

One of his seller's major concerns was if he is to lease his home for a year or two, how can he apply for another loan with an outstanding loan as he can only be approved for around 230k.

I am especially enamored with Sarasota which gives a ton of info on these 18%ers including any other tax liens outstanding on the property.

I'm looking for a history of on-time payments, no charge-offs, total outstanding debt load, etc.

There are certainly other advantages to 30 year fixed, that I am sure will be restated below, but this particular advantage  (minimizing reserve requirements for the next purchase) has gone away.Now: Reserve requirements are based on a combination of the number of financed investment properties you own, and the total outstanding mortgage balances across them. 

@Daniel CzapTry Ed Slott as he has a large network of CPAs nationwide who specialize in IRAs and investing.