Is this multi, retail, office?

Unlike residential, commercial assets aren't based off of comparable prices.  2 office buildings next to one another can have dramatically different valuations because one is twice as big. 

Just to make things even more interesting, it was completely gutted down to the studs and came with a squatter that had to be forcefully removed by the police (via shattering a glass patio door).

Just to make things even more interesting, it was completely gutted down to the studs and came with a squatter that had to be forcefully removed by the police (via shattering a glass patio door).

Just to make things even more interesting, it was completely gutted down to the studs and came with a squatter that had to be forcefully removed by the police (via shattering a glass patio door).

Quicken/Rocket is notorious for that.Not sure where you are located, but I know rockstar loan officers in every state, so if you need a referral feel free to PM me.Best of luck!

A direct quote from the banking officer at one of these banks was “we prefer loans to be over 20k”.

You should then qualify for home office deduction and your trips from home to the job site and back will most likely be deductible.

These are the tough critical questions that you need to know the answers to BEFORE you even go under contract for that first property.If your loan officer and realtor aren't working through that same thought process with you, then you're working with the wrong people.

.   :-)  Note, we invite tenants to call our office if they have special circumstances they want to discuss, rarely does anyone do this.