I came from a very financially poor childhood where nothing was ever handed to you, you had to work to get everything and I guess that I have never gotten away from that mentality.

I am very reluctant to utilize the financial information provided on the loopnet properties.

Form some type of corporation or an LLC that will protect you personally about deft problems or other business mistakes.  

I've always dreamt about being financially free and I knew I could become wealthy one day.

I've always dreamt about being financially free and I knew I could become wealthy one day.

For most traditional banks, they'll want to see 3 years of tax returns, personal financial statements, P&Ls, and additional support (such as marketable investments, collateral, and/or liquid funds) that will show that you're able to support your responsibilities and repay all debt, but specifically theirs.

I've analyzed it these ways:  Using $0 as cashflow, it's financially obvious that I shouldn't buy the condo.  

I'm looking into being a Hard Money Lender and I'm really interested in knowing how do I protect my investment with the Borrower? 

I kept that license about 30 years.Right after you close get an insurance policy that will protect you if there is a loss.  

You are financially vulnerable should the corporations decide that you need to pay your share for the maintenance, manager salary, etc.