Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Current owner has made a number of improvements this year including a new roof and parking lot repair.4.

It would be important to make sure the leases work together on issues like parking, snow removal, upkeep, etc.From an Insurance standpoint, you are looking to insure a mixed use property. 

My wife and I always wanted a place in Florida (currently live in Michigan), and were considering using a ball park $50k HELOC on our home to purchase (use HELOC as down payment) a condo down there.

I'm not too far from you...here in Franklin Park. 

Both still in those areas and in others as well.Comparatively, 19125 & 19123 zips are incredibly cheap compared to other booming neighborhoods in other cities like Chicago's Wicker Park for example.

It also helps to find lenders that will give more weight to the revenue and expenses on the property itself.The national lenders I get loans from do just that. 

If there I  neighbor's kid they love those chores, and give them ten or twenty a month to check for the papers.Ask a neighbor to park their car in the driveway every so often, and encourage it if they re having  party and need room in theirs for their guests.

But even further, the unemployment rate is something around 2.5% right now, which is well under the national average. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.