Your terms are going to be more expensive on the commercial loan but it will free up a bunch of space for you. 

It cost $5 to pay for the space as well.  

My situation is that I had set my eyes on this house which is only accessible through Hubzu.

I can't imagine a more frustrating and dangerous scenario than to try to invest in an unfamiliar area that meets your financial proformas but where you don't know anybody, have access to on and off market opportunities, have relationships with trades people and property managers. 

I appreciate your explanation on the management - Didn't know that PM companies can supply on-site managers - I guess that means I provide some kind of work space where they come to work each day, yes?  

I will just inform the tenants to keep their stuff on the first and second level while they finish the bedrooms upstairs. if there is a delay hopefully it will just be 1 day of not having access to the bedroom.thanks again for the advice I'm sure you all just put money in my pocket by keeping me from putting carpet back down.

Steve For full disclosure, I am personally in this space, before being in the space, I had a chance to review hundreds if not thousands of syndications and varying models of such.Critical items:Minimum Investment AmountAccredited or Non-accredited or (Mix)Sponsor Track RecordCritical impact items that will cause the value to increaseSponsor FeesSponsor Equity Participation (Always like to see skin in the game)Cost of capital and capital (capital stack structure)IRR (will predict timeline so time is X)Cash FlowCash on Cash %Hope this helps a little bit

We used to manage those type of apartments, they're extremely difficult to manage, not really sure what management company is in that space.

I could probably fit about 6-10 desks in a particular location I am interested in.I have not reached out to the owner to find out if this is ok to do, I simply do not need the space but wouldn't mind renting out extra desks to others which would also happen to be in the same field as me.Am I even allowed to do this?

For purposes of having a commercial space, for business credit, applications/requirements from many companies and to keep our incorporation in the state of Oregon, we are currently leaning toward continuing to rent the cheapest office unit month-to-month as our Principal Place of Business just to meet the requirements of state incorporation/other companies.I'm certain that we are not the only virtual business to face this dilemma... has anyone found a solution to this.. perhaps a method or another state that permits virtual businesses without a physical presence to be incorporated in their state?