I have one break even business a homebrew/wine making shop which has led to my second business- a fairly successful brewery.

If you dont have a scenario that pertains to any of these 4 then you'll need to refinance out your current FHA loan subject to qualifying for a conventional loan (credit, income, assets/value, etc) in order to be eligible for FHA financing again with low money down and red hot smokin letter of explanation.Hope that helps (above - this is why shopping for .125% in rate can cost you major opportunity cost)

They're more numbers to do calculations in your head...Cap rate, I feel, is not too different... it has a lot more bearing than those other 2 rules, but a blogger at BP pointed out, a higher cap rate could simply mean that the previous owner didn't keep the property well maintained...I have $230 worth of real estate investing books in my shopping cart on Amazon.

Best of luck to you, but my advise is to keep shopping.

Properties will be close to a highway, public transportation, retail/shopping, and large employment centers.

Now that area is full of new housing developments, shopping, and dining and the real estate values have skyrocketed. 

Shop thriftily, ect..We both come from poor family's and neither of us have a college education BUT were intelligent, hard working, personable people who WILL make a change in our lives but just don't know how to get there...

I've had the same experience....seems to be the way of modern day American!

Shop local.

Should I be looking fixed, are these things I should just attempt to negotiate with this lender-- should I be shopping around also?