The investor's theory behind his suggestion was to use the 500k loan to wipe all debt and only pay on the new loan, I'm not sure if this would be advantageous financially due to my current debts monthly payments set at: LTR = 1900MTR = 1500HELOC= 550Vehicle = 850Total = 4800 monthly At current loan rates for 500k, and a 800+ credit score be a lower monthly than the $4800? 

I'm looking at a mixed-use property (cafe on bottom floor, 2 apartments above) with an asking price of ~850k. 

In the booming market in Memphis, I've found that having the right tools can make all the difference.

Welcome to the BP group. 

I can live with that  In most states you need to be a licensed foreclosure consultant to do what you are proposing and comp for those services is limited to a certain amount.  

The City of Henderson offered an incentive of a low interest rate to assist with redevelopment of the site.

Take advantage of the discount as it looks like it could save you a lot in your painting project!

And some lenders will let you pay the interest by drawing down on the loan.

Rather than provide an example using commercial property, I’ll use the example of a property I purchased two months ago as a personal (2nd) residence, from the viewpoint of the seller.

I want to lease out the facility to a company/corporation.