Unfortunately in my situation I just can't afford for now but in maybe 3-5 years I am sure I can work hard and make it profitable again by adding new products, add more service ..etcSo instead of worrying that the banker will knock on door and found out that I was no longer there. 1.

They specialize in 30 day rentals which is what most HOA's require in San Diego

I’m assuming that would make a portfolio loan from a local bank the next best option.My question is: Would they have a commercial loan product available to a new investor with only one property or would they only want to talk if you already have a few properties under your belt.

Hopefully, you already asked to see the following items:- lease agreements (look for: special maintenance clauses and what items the tenant is responsible for repairing if any, late fee dues and dates, security and extra deposits, what the owner pays vs what the tenant pays for utilities, landscaping, pest control, etc)- payment ledger- notices given (if any)- copies of annual inspection reports- Estoppel Certificates (show rent, amount of security deposit) if you do not have an agreementYou will need the current property management company to also provide you with current tenant contact information, keys to the unit, and any paperwork listed above.

The CAP rates one new construction are much lower and a lot of times builders will offer move-in specials to get higher rents than the market will support (ex. 3 months "free" rent at 1.25x market rate). 

It was condemnable, I wouldn't store tools in it.This looked like a bulldozer special.

Here's some questions I would recommend asking when interviewing a lender:What is the difference between the "Full" and the "Streamline" 203K product?

Someone who specializes in the specific area would be highly preferred.

Lets use this amazing platform for what its worth.Thanks for reading Michael ArreolaThe finished product.

I would read the contract, but Terminix generally should know their own products.