The entire state is rent controlled, but some cities have stricter versions than the state wide provisions.

Note that there is no limit on the layers of the capital stack for a given project; however, the four layers below are the most widely used in commercial real estate.Common EquityCommon equity sits at the top of the capital stack.

In Texas, we are prohibited from giving guaranties by our bar, but I would never even if it were not verboten.Big law, nation-wide firms, have nation-wide overhead that every billable hour must contribute towards. 

@Bonnie Low similar to what Patrick said, I suspect it could be the appraisal's fair market rent was either not included or the range was too wide for the lender's standards. 

If you think so what other RE investment angles would you suggest? 

Glendale's central location in the valley makes it a prime location, but that market has a wide range of neighborhood classes that should be considered before investing. 

These commercial loan are fixed term and fully amortized and widely available in the capital markets.

For instance, LA (our home market) if you stay in incorporated LA, its very tenant friendly, but the outer markets still work just as well and the only rent control is the state wide rent control. 

This helps you know what you can spend, and the pre-approval letter gives you an advantage when you make offers.)Closing costs vary widely by state, also by property type - a coop (common in New York State, uncommon in other places) tends to be cheaper, for example.  

I will also remove the carpeting and add hardwood floors throughout.Change the flip light switches to wide press switches and maybe a new paint color.