Im looking for real life experience, the good, the bad and the ugly.

@Chris Baber That's too bad your CU shut down their commercial lending dept.

I was the kid in high school getting offers from private colleges over how high my test scores were, and I ended up ruining so much with drugs, toxic emotions and bad decisions. 

He texted back saying “ok” and told me where to send the check. 5 days later he texted me arguing that the property was already in bad conditions and other false claims.What should I do?

@Roy Pomes Do you have cash reserves in case a sandwich lease option (SLO) goes bad and you have to evict and do repairs?

So i have the experience you could say and a decade of construction as my career, which obviously comes in handy in this business.Anyways, im looking to start buying and flipping and/or renting.  

In C/D areas you must treat your tenants like children...bad children.By the 2 year mark if your property is paid off your cash flow will be reduced to almost zero due to the rent being eaten by paying for the opportunity value of your equity.

Anything non vanilla is very high risk for a lender because if the loan defaults and they have to take it back it is very hard to sell and re-purpose.Your terms do not seem that bad for what it is.

@Imthiaz Ahmed The 4-unit limit is I believe a Fannie Mae and Freddie Mac limitation: http://www.freddiemac.com/singlefamily/news/2017/1128_loan_limits.htmlAnything beyond that, and your investment is no longer backed by the government, which is why you can get the lowest rates on conventional loans (i.e. less risk).The question to ask yourself is, is a commercial loan all that bad?

In other words I’d like to know the Good, The Bad, And the Ugly of Kansas City.