I get loans from a local bank who takes application deposit which are refunded if no loan is closed, less the cost of a credit report or possible appraisal.they offered true no credit reported commercial loans that don’t count towards your Fnma list and have long before the new lenders.

At what point does it become a true "park?"

Think large expenses like appliances and mechanical equipment.I hope you don’t mind, but I took the liberty to regenerate the calculator so you can see the true figures on this deal.

Is it true some lenders will do 100% ltv on commercial mortgages if the cap rate is at least 10%?

They aren't all bad, but if you want to make money, the selection of the property management company should be a top priority.You should request the rental history for the property to give you more accurate numbers.The setup you gave is "too good to be true," or "if it was that easy, everyone would do it."

I have not been able to find a lender with a true “no closing cost” all I have found is they roll it back in.

@Colin WestIt's always best to stay true to your area.

Now I do what I want when I want.STR'S are a little more work but can be more fun if you have a true vacation rental and just not some airbnb downtown where you would never vacation there for  week with your family.

To get the true taxes go to the assessors site of the county it is listed.

I am not sure if this is the case of “too good to be true” and still it was vacant for 2 months although the seller did not lower the price.