Challenges?

Is it more or less challenging managing a mixed-use prop than managing 2-4 unit multi-family properties (in both cases, not requiring significant capex)? 

When I initially challenged that fee, Lender did say that he may be able to lower it but  first would need all the paperwork done, credit pulled, etc. 

Wilkes-Barre is a better market then Scranton but still has its challenges.  

The place he linked, I'd go a step further...I think it'd be a challenge to break even in that property. 

I've heard of something similar as a delayed financing or something of that nature. 

You can do it yourself but you want to tread carefullyThe difference is that the IRS gives a lot of extra scrutiny over arrangements like this because it is very easy to create a step transaction and reduce the arms length nature with the unrelated party. 

Naturally, a recession hit, just after we moved in and landlord went BK.

Challenges?

There key resources everyone should have before starting such as a real estate agent and attorney.You will not know everything, and each deal can present different challenges.