seems that Chicago has some of that going around the Equity build charges by the SEC sound similar in nature.. that's one tough city to operate in..

Some of our canvassing has been to put in a dance/fitness user.We have one tenant whose lease states that the "Demised Premises shall be used solely for retail purposes to operate a casual dining restaurant/cafe".This tenant is new to the shopping center as of a few months prior to our taking ownership.

:)  I am so used to dealing with conventional lenders I think I've been assuming local banks operate just as inflexibly as the big ones.   

Where a larger operation will look at the small deals as a pool and have a set of systems, and people in place to deal with them. 

There are a lot of logistical "potholes" in the process as well as savvy turnkey providers who are happy to take advantage of your niavete.Bob 

This is for the 1% that have both the money to buy a $1million+ building and the experience to get a loan for that building, as well as to be able to operate it.2.

But you also need systems and knowledge in order to operate the property.

Most investors in the area have gotten that same face to face offer from a dozen of your predecessors, as well as from all the other big wholesale operations in town.

@Keyoka - The work-around is probably for you to look at properties of 5+ units that would put you into the commercial lending arena where the operations of the property itself are more of the focus by the lender than your personal financials.Originally posted by @Keyoka Smith:Hi...I'm a doc, 10 years in foot/ankle surgery (I started "late", finishing residency at the age of 35).

Not quite into the flipping game yet, but also not investing in the state where I live so logistically I think I have more work to do before I can line up anything other than buy & hold.