The rest of the markets you mention are heavily dependent on manufacturing and more specifically automotive (unless someone else can prove me wrong which I'm open to!) 

If they did no due diligence, for a 506c it is up to them to verify accreditation but also do not think if the deal goes sour that you can claim you did not know, as its also up to you and you knowingly filed a fraudulent subscription agreement by marking you are accredited.Two wrongs do not make a right. 

They have failed to renew my entities with the Secretaries of State multiple times, have billed me wrong amounts, and GREATEST OF ALL, have cost my business ~$50K in cumulative TAX PENALTIES due to negligence in filing for a tax extension, failing to walk me through my tax filings and needed payments, and failing to file an abatement promptly.

Lots of wrong/bad numbers and high email bounce rate.

Quote from @Chris Pontello: Hi Chris,Correct me if I'm wrong as I'm still learning creative financing solutions, but paying them some money would be if I could take over the loan.

Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong.  

Just personally, I would never do an absentee landlord kinda thing....Too many moving parts, too much to go wrong and cuts into your profit big-time....Sentimental value is one thing, but not if you end up hating the house down the road.....Stay local, plenty of opportunities in good ole AZ.....

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

IF you want to run a business, nothing wrong with that.  

This person (not Blake capital) was trying to bully me (wrong move).