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.

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.

I think this varies widely by area and property type.

Banks are not in the business of foreclosing and they certainly don't love to foreclose And most banks sell the majority of their loans to investors world wide..

I think that's going to be our first angle of attack.Thanks again,Gery

While there is wide variation in wealth between towns (Sandusky is generally poorer than Vermilion), I still worry that even in the "wealthier" towns, there just is not a lot of demand for a nicely rehabbed house.  

Issue is the wide variation of comps.