Is there a reason why you are looking to go to HML for buy and hold versus getting a traditional mortgage?

By the time that happens, it will make more sense to replace the whole thing versus just the inducer.

I won't even look at land on the commercial side for less than 10% total because I know the work involved getting it to closing versus an existing building with cash flow already in place.

There are rights to work, conduct business, reasonable market areas, professional information and public knowledge issues to address and without any attorney my bet is that you don't have what you may think you do.

It's like they enjoyed the eviction game.Lolita, I agree the door idea is great. 6-12 months of unpaid rent versus a fine does not make sense.

Everyone is different with your rent versus purchase price requirements.

Make sure you understand the time demands on owning rental properties versus your business or job.If you buy in great areas the cash flow tends to be low but more rent growth and equity buildup.

I'm sure this is a good bet for others in Northern Cities-- what say you Chicago, Detroit, Boston, or Syracuse residents?

You bet!

Assuming that a loan was originated by a bank or other institutional lender or broker is compliant with state and federal is a nothing more than making a bet.