We've done this personally on refis with just a lease,  but through a local credit union so I'm sure it's different. it seems like there is a lot of potential problems this would create for the owner, tenant and PM if the lenders have to have a signed lease and all funds upfront, before the loan is closed.

Hi Calvin, That sounds like a smart strategy for your townhome in Temple Terrace, which is also where my primary home is located!

You'd need to buy the right property in the right location, at the right time and, most importantly, at the right conditions.Also, a realtor in Puerto Vallarta who deals with foreign clients once told me that every single of his clients who attempted a rehab regretted it and will never do it again.

Doesn't matter the strategy, location, or unit count.

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect! 

Property is located in Magee, Mississippi, population of about 4000, mixture of renters and buyers.

I’m a math professor at a local college and teach personal finance and statistics.  

Hello and thank you for responding/helping me to get a better idea of moving forward.So, Yes, I would likely be able to move my main business to a rental location and preserve most of my income.

McAllen, TX is a border town located in the Rio Grande Valley.

It goes something like this.You find a commercial property for sale in a good location that’s currently vacant (so that you’re not paying for current cash flow) and that has an assumable mortgage at a relatively low rate.