SBA's regulations on leasing require that the small business occupy at least 51% of the rentable property if the 504 project is for an existing building and at least 60% of the rentable property (with the intent to move into at least an additional 20%) if the 504 project is new construction.Eligible Borrowers: For-profit, non-publicly traded businessesTangible business net worth (including affiliates) not to exceed $15 millionAverage net income of the business not to exceed $5 million over the previous two yearsOwnership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)Examples of Property Types Fountainhead Finances:Medical offices or medical facilities (such as labs and clinics)Office buildings (including office condos)Warehouses (and other industrial properties)Day care facilities (for children or adults)Free-standing restaurantsLimited-service, flagged hotels (some unflagged destination hotels will be considered)Auto repair shopsAssisted-living facilitiesCall to ask about many other property types that are eligibleIneligible Borrowers: Non-profits (except sheltered workshops)Passive holders of real estate and/or personal propertyLending institutions (mortgage brokers and correspondent lenders are eligible)Life insurance companies (franchised agents are eligible)Businesses located in a foreign countryBusinesses selling products or services through a pyramid planGambling concernsBusinesses which restrict patronageGovernment owned entities (excluding Native American tribes)Consumer and marketing cooperatives (producer cooperatives are eligible)Businesses engaged in loan packagingBusinesses that have previously defaulted on a Federal loanBusinesses engaged in political or lobbying activitiesIneligible Use of Funds: Working capitalInventoryRolling stockBusiness “good will” or “blue sky”

I'm 29, I have 3 children (2 boys, and a girl).

If I have a problem with a tenant (or their children) that does not violate the lease I can still give a 20 day no-cause notice of termination (Wa State).  

We are now renting but I still see real estate as the vehicle to help me, my wife, and 5 children achieve financial success.I have little/no money, fair credit due to the foreclosure and a bankruptcy, and a lot of motivation to make this work.

I understand how difficult it is working with children with multiple diagnosis, this was how I got started in REI my family started by working with homeless kids.

For a few years my wife, 4 wonderful children, and I rented an apartment.

I am trustee to our Family trust (my young adult children beneficiaries due to our personal finances at time of father's death) in which there are 2 houses included.

With tile you have to worry about slip and fall accidents with the elderly or children.

Also, you are buying at a strategic time, when many responsible tenants move to ensure they are settled in for their or their children's upcoming school year.How desirable is this location?

In NJ and FL, where we have rental properties, there are no restrictions on evictions with children in the family.