If you have a moment, I'd like to pick your brain.

@Holly Sarria at the moment, I am not. 

Thank you again for taking a moment out of your day to share your thoughts and suggestions.

We used this flip to afford walking away from a publishing deal, and in a God-wink type moment, this home made us more money than the publishing deal would have made us.

I’d just get your standard auto policy, add an umbrella policy over your home/auto/rentals (great coverage for those rare ‘oh sh...’ moments) and work on teaching safe driving.

The moment they got information that I went to look at the next building, they asked me to submit an offer for $230k which was the cap of my number.

@Chris Bisaillon After that you will fall in-love with real estate and theres no way back, I remember when I placed my first offer my hands were shaking, it is an exciting moment!

Working on organizing our rehab at the moment.

It is just the one area that I don't even consider extenuating circumstances...good point that there could be some legitimate reasons, death, divorce, etc and I may miss some good people but just what we are comfortable with at the moment.

I was looking to get some more information/help from people experienced with the SBA 7(a) loan process.My business partner and I recently formed an LLC in the state of Illinois and we are looking for a loan to purchase commercial real estate that will be used as our HQ (which is what 7(a) loans are intended for).What is confusing to us at the moment is how collateral and LTV are looked at in this picture.