Lots of owners are small franchisees of a brand and they fee them a lot on testing splits for money to head corporate.

Jerome,Just a heads up if you go to LT you will be bombarded with call from a ton of people basically trying to only pull your credit and make an offer prior to approval and in most cases an unlocked rate offer. 

Welcome and great to hear you're ready to make a dive head first into rental property investing. 

Well my wife has a list in her head.  

@Bryan Mitchell Thank you for the response, pretty much hit the nail on the head.

Businesses in that area are making changes, for instance some of the Starbucks in PF shorted there hours because no one even applies for the jobs they have open.  

Number one, don't buy anything that's a long-term hold, the market's going to head down.

Thank you all for your input I’m really trying to work this out in my head because it doesn’t make sense to me. 

You will end up way over your head and likely loose a lot of money.

Give you lender a head’s up asap.