If it's an antique shop for instance and the tenant has 5 million then if it loses money no big deal they pay the rent ( at least they should be able to ).

@Ryan Keenan Smart choice to stay away from condotels, especially in the Central Florida market.

I am not sure how he became associated with the seller... but it was a one-stop shop investment/property management company that he purchased from.

If I shop around to other banks, is it possible that I can find one that will accept me?

I'll buy the coffee or beer if people are willing to meet and talk shop!

A smart investment is always better than paying rent.

If you want your license merely to invest, then maybe a small brokerage where you just pay a fee per transaction as opposed to having a commission split.If you do want to do residential sales, of the big box shops there are 2 I think that are superior to the others.

Shop around,Remember the lender is working for YOU!

That's a VERY smart first step. :)Liz

Regardless of the time/effort and even cash expended to-date, you made an executive level decision to cut your losses and shop elsewhere.