Unless you are buying a chain with a national advertising campaign (Like MCDonalds), or some kind of government issued license that is hard to get (Liquor License) Or even something like mineral rights.Other than those few things, you're buying a lot of hot air.

@Matt Smith, Try Western Federal Credit Union (not to be confused with western union)western.orgBased out of SoCal but they started offices in Texas and I've been looking at some commercial options with them.

Or tell me about when the US government seized ALL personal gold?  

There is no federal law mandating that individuals or private companies must accept cash.

There are a lot of government loan programs that have the sole purpose of getting people who have low credit scores or who are building their credit into a mortgage.

On any commercial properties, it's very difficult to get fully amortizing loans unless they are not only larger loan amounts, but also using government or agency financing.You might want to call a couple more banks and see what you can get, and then make a decision. 

I have a woman who applied for the apartment whose only source of income is SSI Disability from the government...does anyone else have renters whose income is from SSI disability every month?

Should not have an issue finding some good option.New or old, every carrier will be concerned about roofs over 20 years old and if the breaker boxes are Stablok or Federal Pacific, which were installed on many of these types of building in the 70's

. $0.10 a property/year LLC government overhead.

Easy to blame your PM but the reality is that you don't know the regulations governing your business and for that reason can not manage your PM.You need to learn the state regulations and then if necessary find a new PM.