There's a lot of info on this site:http://www.commercialbanc.com/apartment-loan-small-overview.htmlFor these mid-sized types of deals (say loan size 500k to 1mm), they want to see minimum physical occupancy percentages (anywhere from 70-90% minimum), stabilized performance on the property of 6-12 mths with results exceeding minimum DSCR of 1.25-1.30, experience by the borrower, borrower residence proximity to the property of 100 miles or less, possibly professional mgmt, etc.Small deals up to 12 units, you're probably just dealing with the commercial/portfolio lending group at your local bank, not these national lenders.

I don't know if title companies rely on the same digital images we see on the county web site or if they go to the clerk's office and check physical files???

Let me make it clear, these are NOT properties I have under contract and I have not actually physically looked at the property, the estimated repair number is just a number off the top of my head.

One of the most desireable features for this complex (not just my unit) is its close proximity to El Paseo.The 200k purchase price was ok.

Need to be at minimum 10-12 on a cap depending on physical condition and tenant base.

Now I am not an accountant so please do consult with one based in your home state.Residency is a consideration, but is not the deciding issue of where you may have to file income taxes.The major factor involved is physical presence.

As the values declined the rents did fall a little but are still fairly high as a percent of property value.Barriers for entry into these markets include cost to cure title defects which can include tax liens and city liens, etc and cost to cure the physical property.

But, as I mentioned, the biggest problem I have is actually getting any physical work done when the time comes and mostly that is during vacancies.

First, Joe A, I think you have to decide whether it’s important to you to own the physical real estate or the paper.

The law provides for remedies for lost physical security instruments and notes, they can be re-formed or affirmed as lost or destroyed and still carry the same legal rights they always have.