We're in the process of a small commercial development, specifically ground up fast food development.

We're in the process of a small commercial development, specifically ground up fast food development.

I've paid off a few mortgages, but they were higher risk commercial and seller financed loans or conventional above 7%. 

Are interested in residential multi-family (2-4 Units) or Commercial multi-family (5 or more units)?

I heard on the BP podcast that Pro members have access to free document templates for landlords specific to each state.

So, since it starts with “rising unemployment” I assume the author doesn’t own a computer or can’t afford internet access.

Immediate positive cash flow is importing and a value-add place at a commercial loan location (more than 4 units) will add more value to it and not on a house because of the way cap-rates works versus comparables. 

If you are using commercial there may not be seasoning.

My concern for you is that you will have to purchase this property as a personal loan not a commercial loan, and you already have credit issues and a high debt to income ratio, so you may be at high risk of not being able to get financing next year when you go to buy.

The unit is on the roof with no access except by ladder.