The bank may say they have the option to extend it another 10 years, but that isn’t guaranteed.

@Rich N. there were no deposits transferred for this tenant from previous landlord.

Traditional bank loan, 15% down How did you add value to the deal?

Try a local bank oR credit union first.

A hard money lender said I need to have an LLC for the purchase, 15k bank statement for last 2 months and $3,500 minimal fee for loan along with 12% interest on 13m loan.

This will need to be a small bank who holds loans in their own portfolio.

Do banks consider ROI or appraised value? 

@Allison@Allison Escovedo What do you think your bank would do if you didn't pay your payments and ignored their calls for a couple of months?  

If you know of the odd 'winterizing' company that do it for banks etc they can notify you.

Jeremiah, here's my advice in a five-year plan so A) is patience:Year 1) start a single-member home-business LLC for FREE using bank bonusesYear 1-2) build a 720-800 FICO for FREEYear 1-3) season the LLC for FREE and target a 80 PAYDEXYear 1-4) save some cash by cutting back for a few yearsYear 4) study 10,000 properties for FREE and build a teamYear 5) target a small starter commercial project (4 units or more)using the LLC PAYDEX and 800 FICO when it's a buyer's marketrelying on good financials for the property more than your job6) rinse and repeat and SKIP RESIDENTIAL!!!