If you are going to try to get a loan for the property, you have that issue as well, but more than likely will not be able to obtain a loan unless the legal requirement is fulfilled.

I am a CCIM which is a highly respected certification a commercial real estate person can obtain.  

Obtain an umbrella policy.  

So they flee for the suburbs and pay significantly more in taxes to obtain stability for their children.

In the game it is usually much easier to obtain independence on the salary and lifestyle spending of a truck driver than Doctor .

Please let me know if they are reasonable.Insured Closing Letter = $125Tax Certification = $20Electronic Retrieval Fee = $50Notary Fee = $45Overnight Delivery Fee = $12Incoming Wire Fee = $22Good Standing Cert for PA LLC = $40Lender's Title insurance = $50Total Settlement company fees = $364Owner's title insurance = $1154  (Sale Rate - for purchase price of $105,000)Please let me know if these charges are reasonable?

Best way is to obtain authorizations for release of credit, tax returns, assets and liabilities, then send copies or get several originals to use, mail them  and obtain information directly from the source, this cuts out the chance of fraudulent statements.You also need to underwrite the type of business, what hazards are present, toxics, fire, insurance coverage, competition with other tenants, traffic counts, environmental laws applicable to them as well as your infrastructure being sufficient for tha use.....electrical, plumbing, traps, fire codes, etc. 

In order to get a term sheet from a lender you will need to put a property under contract and obtain rent rolls and historical financials though.In my experience, where people fail the most is trying to bite off more than they can handle either from lack of money, lack of experience, or both.

I have purchased my first rental and am in the process of trying to get a certificate of occupancy. 

This will affect your ability to obtain conventional financing for 3-5 years.