I don't want sentiments to persuade my negotiations, but it'd be convenient to have it next door, and there would be some personal advantages to the property that my dad and I could work out.

Did you have a feeling that these tenants would not work out from the get-go?

Good to notate if you were to do a loan modification with the owner and re-work out new terms.

I have never written a deal, not was I planning to start practicing until this summer, but this deal seems like it could work out for me.

I am currently in the process of trying to close with a mortgage lendor for a fixed 15 year at 4.625 but the closing cost are pretty dang high and they keep coming up with one situation after another and I am afraid things may not work out.

Hopefully it will all work out.

So out here I can (and for the most part still am) simply going the retail route if the numbers work out well enough.

In the meantime I sincerely hope things work out for you.

My suggestion would be to reach out to the head of commercial real estate lending for the particular region you are looking at, you could also ask for the head of their commercial real estate workout area and then try to work your way down to the officer.One thing to keep in mind is taht these people are usually way overworked.

I was planning to increase their rent to $1,000 then start the work on the unit, then in three months raise it again to $1,200 which I would then allow them to sign a year lease.Has anyone done a large jump in the rents like this before and how did it work out for them?