They suggested a traditional loan as I have excellent credit.

In traditional LTR there’s standard landlord and tenants policies, as we know. 

Not sure how big a building this unit is in.1) it will take 30-60 days to close if going the tradition mortgage route.

Appraisal reports are kind of interesting: Comparative sales, city reports, neighborhood reports, project P&L -130 pages of information on this one property.Put utilities into my name, require going into provide company information, slow lines and a few deposits all done.Closing: Signed a million pieces of paper infront of a room full of people.

Would love to compare notes if you are willing?

Also, the rental market seems a little slow and not quite as high in rent as compared to Saint Louis.

The property taxes can be brutal but compared to a high(er) state income tax state, you’ll likely come out ahead.

Also, the rental market seems a little slow and not quite as high in rent as compared to Saint Louis.

Compare with others lender and see the difference.

That said, my house smelled like roses compared to this one so I know I'm dealing with a different beast!