Are there any particular things to check when evaluating such a deal?

I would never do a commercial loan with shorter amortization and balloon payment. yes lower rates for now, but you have to do a refi at some point and if you do all of your loans on shorter terms, you will not be able to access as much traditional financing potentially.

Quote from @Joseph Escamilla: Not looking to wholesale, but posting in this thread because I'm guessing wholesalers probably have the most experience with this.My Fiancée and I are driving for dollars looking to buy a primary residence in a neighborhood we want to live in.

This has been asked and answered many times.Ship to house or your cleaners.Have cleaners setup stuff or hire a handyman for stuff that needs to be assembled. 

I purchased a property in an area with an HOA in 2020 in a ski town with the intent to build a home on it to live in during retirement (15 years away) and rent until then using it occasionally when not rented to cover the mortgage.

Also, does everyone in your household want to sell this and move to a multifamily?

Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.

You have to go to their website and set up for a demo and go through the process that way.  

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

If it's newer than 1973 for a property this size, he recommended checking out Farmers Insurance.