Thanks for any insights, and I hope everyone is staying safe and healthy! 

Cap rate could also be deceiving as rental income fluctuates due to several factors: market conditions, regulations, management/owner knowledge/experience, and others...If you are looking for a healthy cash on cash return, you would need 200-250bps of spread between the bank financing and going in cap.

Street dealers and community based retailers ended up with considerable relief, but for those who used to sell a few homes to consumers must have a manned physical location with regular hours.

Generally it is the contractors responsibility to submit the permit but ultimately the consumer should verify that the permits have acutally been submitted with their building department. 

I will put down 20%.My credit score is 770, I have no consumer debt (no car loan, student loan, CC ect).My gross W-2 income is 54k per year.

Is this time consuming?

Is this time consuming?

Don’t go to the big banks, try small local banks in your area.i don't think commercial is more flexible if you have no history, especially if you are buying a single family residence, as even a commercial loan will have to conform to  ability to pay rules for consumers if the property is a SFR.

The new orders index followed suit, up 19.7 points (also a record for the series), to a healthy reading of 61.6.

In two and a half years I paid off $32,000 of consumer debt.