Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.

I'm paying about 2k/month in JUST INTEREST. it brings in about $1300 and I live there with 2 roommates and operate my business out of it.

It just might be a different strategy involved.Cash flows through refinance or sale or operating cash flow is the same in my book.  

We own and operate a mid size REI and property management company in Marquette Co. (~300 units or so). 

(His profit is in the entry fee) He owes 3 months missed payments and I offered to catch up the arrears, bring the loan current, and take ownership.I myself own and operate 13 units since 2017, and I’d say I’m a good operator.Anyways, the issue is that now the bank/owner has been notified of non payment, and while the seller is telling me everything’s fine between him and the person on the note and all, I know that the bank has eyes on this account now. 

I'm also concerned about the liability that I might be exposed to here by allowing what appears to be a business to operate out of my rental.

Lenders see all, including how little margin some flippers are operating on.  

If anything this is more of a fly-by night operators vs seasoned operators argument.

Turn-key operators, etc. 

Any good commercial broker is going to trim the expenses down by 10-20% from what they will be for me when I operate the deal.