The department store category and really big box 60k,100k sq ft buildings etc. selling mainly clothes and then smaller balance clothing stores in malls have been getting pounded the last 6 years.

@Will Grabert,Rents can definitely recede for a variety of reasons, e.g. major employer leaves, over supply being built, 2008.

By the way, I have a full time sales job that consumes most of my time... therefore, I was looking for a place that would require basic lipstick and makeup value adds as opposed to major renovation.

I feel like the majority of people their ignore new investors. 

Joel Owens thanks for the feedback.It’s surrounded by fully developed residential area (SFH/Condos) and only down the street from main entry/exit to a major freeway.

Any major problems?

If you are in your first year maybe not, or change your major to something that you can fall back on if RE investing down the road is not enough for you.

But I had to get to a rep in the commercial department first.

When a borrower quit claims the deed it does not wipe out his note - only paying it off does.The note is securitized by the mortgage / deed of trust so basically whoever he quit claimed it to just got a house with major title issues.If the borrower is not paying that loan the 1st note holder can continue to add penalties and late fees etc and any legal.

Just in Oregon Wells Fargo loss mitt department in 05 ish had less than 15 people in it by 2010 over 400...