It was about $52,000, financed with a low-interest loan that was subsidized by the state.The advantages are:We get a guaranteed SREC (solar renewable energy credit) payment of $187/month, guaranteed for 10 years. 

At a minimum I would:1) run a title search to confirm the title is clean, and purchase a lender's title insurance policy (often paid for by the borrower) to insure your position2) order an appraisal or BPO to estimate the value of the collateral3) determine what loan to value (LTV) you are comfortable lending up to (75% is generally the upper limit for a commercial loan but it's up to you)4) ask to see payment history if dealing with other mortgages and/or profit & loss statements for the business.5) check property taxes6) determine of the borrower is willing to personally guarantee the loan (recourse) or not7) be sure to be added as an additional insured entity on the borrower's homeowners/hazard insurance on the property8) understand why the borrower is not seeking traditional (bank) financing. 

Since the new law has passed, I’ve seen lots of offers from places (law firms, brokerages, investors, etc) that offer workarounds to the new law, but in my opinion, the only guaranteed way to not break the law is to be licensed.

* What is your Guarantee?

* What is your Guarantee?

* What is your Guarantee?

I guarantee if you say "I'd like to raise your rent $25, but you'll get a new fridge"--- they will say "The fridge works great, I'd prefer to keep this and not have my rent go up." 

It's no guarantee but it's a good place to start.

However, the realtor is saying that we should be able to get an inspection but she cannot guarantee that we'll be able to (i.e. that it may be too hard for the property management to get the tenant to let us in in time for closing... 

Contractually for my partners, I am considering guaranteeing a monthly return on their money with the option to get 100% of their money back after 12 months if they don't want to continue investing with me.