Being this the first deal, I guess there was not much value I could add, except the fact I was giving money to close the deal.

I’m going through a REFI now and the bank is asking for everything except my recent COVID test (negative).If you are still reading, thanks for not getting distracted and pressing through!

@Miltiana Holdip, I'm not sure I've got all the necessary information to comment intelligently on this situation except in a general way.First, it has gone on far too long. 

The experience was pretty good except for the mortgage lender was a little slow.  

I am sure the language is important and understanding your exit strategies is probably most vital. 

You never know when an exceptional multifamily deal will come across your desk.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

Honestly, without an oven thermometer, I'm not even sure how he noticed except it is his business and he was looking for a repair opportunity.Based on advice given above, I will make this the last non-urgent service call and let him know that if he isn't satisfied he is welcome to exit the lease. 

No legit lender requires any money upfront until closing (except maybe a few hundred bucks for an appraisal). 

See the image below.Potential issues buying turnkey:Possibly higher risk - Buying turnkey may preclude you from obtaining vital information on the property.