Why not try to approach the owner and buy the property first, you cut out several steps and a lot of time that way and then there is no possibility of the owner bringing the loan current and leaving you stuck with a note which it appears you don't really want?

I am using the Rental Calculator (in Bigger Pockets) for a several unit purchase (SFR).

There are several ways to get in contact with these owners - I suggest mailing or calling owners to start out.

I assume that if I go through the real estate agent course and exam, that I’ll have several advantages as a new Investor:1.

Had I known there was a tank I would have a) not purchased the property (I passed on several properties because I didn't want to deal with an oil tank) b) had the owners remove it at their expense or c) would have asked for a significantly discounted purchase price to account for the risk.

But if you have several applicants meeting your criterias just pick the one you met and felt he/she would be a good fit for your property.

@Peter BechmannThere are several of us who work with clients all over the country via electronic communication.

I own a commercial space (business condo)I used to operate a business in the space, but several years ago sold the business and leased the space back to the new business owner (about 3 years ago). 

This would be a good place to start.There are also several QIs here on Bigger Pockets. 

I would like to keep it as a rental because I have seven within two miles of it already, but worst case is I can put $5k-$8k in and flip it for $110k based on several comps from the area.My bank decided that they would rather not do another manufactured home loan currently so I am looking for other options.