I would try to keep as much of my cash as possible in my pocket because that is your safety net.

I was constantly talking to the attorneys making sure things were moving, and Hendra and Mercy were collecting the updated PPM and OA and sending them out, etc. while patiently waiting and wishing for the closing to happen… AND IT HAPPENED!!!!

There are standards that need to be maintained for the safety and comfort of ALL tenants.

A vacant unit is far less expensive than a bad renter.Be patient and wait for someone decent.

I soon learned that a multifamily home would be a way better deal and patiently looked for one.

And that brings up my other suggested direction; if your patient to get going and jump on a deal, you could get established with someone like myself and my team as a "Rescue Pocket Buyer".

This is because FHA loans are primarily for residential homes.Commercial space is allowed if its use does not negatively impact the health and safety of the residential occupants.

so basically be patient, wait, keep saving, searching...putting another 10K down gets my mortgage down to where it will cashflow $100/mo. on a BPRE podcast i recently listened to brandon said that putting more money down to make a deal more secure is a myth... that money in the bank is more usefulso that said, there is no case in where a property that doesnt cash flow at 20% down makes sense?

Also, you may want to think about safety level.

Warren Buffett had this to say about it:"The stock market is a device for transferring money from the impatient to the patient."