This usually only causes maintenance trouble down the line because the paint traps water up against the brick.Also, landscaping trim up the bushes, maybe some plantings along the bottom of the buildings.Lastly, what about a low white fence in front of the grass extending from each building to the center walkway.

Nassau taxes must be way high if Suffolk taxes are considered low to you guys!

There are many low down owner occupied mortgage programs out there.

You're paying very low interest and any refinance will likely cost more than the $20k cash out, over the long run.

The tenant was complaining they were doing bad and asked for a rent reduction.

A cash on cash ROI of 6% is a little low - is that the best opportunity in your area?

@Darrick Lowe FHA does allow for the purchase of an owner occupied mixed used property.

You get a 15% reduction on the original investment and all capital gains made from the QOF are Tax-free.

Out of curiosity, what are the low down-payment loan options available right now?

Success rates with collection agencies are extremely low, probably around 10 - 15%.In both cases, you are unlikely to get any money.