@Gary Parilis They previous owner did suck at screening for sure but it remains to be seen if the area produces good tenants (Belton, MO).

So that is where you smart people come in... any ideas on something else we could do with this property to make it income producing?

Right now they are converting one of their crude units to produce biodiesel fuel. 

Buyer produces punch list.. the stuff we can get to before close is done..

Certainly run your numbers so that the rental will break even at the very least or produce some cash flow.

@Tj M.I second @Simcha Davidman, his comment is spot on.If it is a stabilized asset 90%+ occupied with a 2 year history of producing a certain NOI, and you wish to hold long term, agency debt is the way to go.If it is a distressed property or heavy lift value add, then a commercial loan may be your only option.You also need to sync your loan choice with your business plan.

Long term, consistent action with a proven strategy produces results.As for myself I have a Bachelors in Chemical Engineering and I stand behind that decision.

* How do you become a top producer in the field?

As long as the numbers are real -- meaning the ARV is based on actually comparable & recent sales, the SOW is sufficient, and the acquisition price is sufficient to produce the returns, it's a deal!   

You can get that from competition on Vrbo and Airbnb. some digging would produce some insight on rates, but not as effective I don't think as previous annualized.