This is what I am encountering, in the current Mortgage Industry.

Someone has already encountered the solution or worked through the deal you are searching out the knowledge for.

This is what I am encountering, in the current Mortgage Industry.

I would recommend you connect with Contractors that deal with Historic Houses renovations, since they might encounter situations in need of a structural engineer. 

Think of the websites and brochures that you encounter for luxury spas and resorts.

You can get it amortized over 25 years to lessen your debt service and increase your CCR.One issue you might encounter is getting financing for a deal like this.

(Though I will say on the flip side, some A/B area tenants are also "high maintenance" and expect more for their higher rents, but I've also encountered some of that in C areas so it's by no means an absolute.)You will have to pay a little more for better area properties, but if you're managing from a distance I think it will be a lot easier.Also make sure to pick your on-the-ground team, handymen and repair people, carefully as they'll be your "face" to the tenants if you're managing from afar.Finally, you're not the first person I've encountered through BP who's from NYC; I know at least one more (@Jared Gettinger) in a similar situation, and he's actually come up to our local RI investor group (RIREIG) a few times.

We love and miss Virginia too but yes it's quite the sticker shock compared to here. 

Have had what I thought experienced everything you can possibly encounter, this is something new. 

TD was also making noises of doing the same, but I'm not certain if they ever put it into practice.The problem you will encounter with a small commercial property at most tier-1 lenders (Big-5 banks, and major credit unions) is the commercial lending department is not particularly interested in a property under 1 - 2 million  ... leaving you in no-man's land {which is precisely why RBC started handing 5-6 unit properties as residential}.Once you move to commercial lending, you run into more costs - things like originating fees {like you hear about in the U.S.A.} as you are paying the lender's legal and administrative costs.