Hi, BP community ~I'm a recently NY-licensed clinical psychologist specializing in children, adolescents, and families.

SBA's regulations on leasing require that the small business occupy at least 51% of the rentable property if the 504 project is for an existing building and at least 60% of the rentable property (with the intent to move into at least an additional 20%) if the 504 project is new construction.Eligible Borrowers: For-profit, non-publicly traded businessesTangible business net worth (including affiliates) not to exceed $15 millionAverage net income of the business not to exceed $5 million over the previous two yearsOwnership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)Examples of Property Types Fountainhead Finances:Medical offices or medical facilities (such as labs and clinics)Office buildings (including office condos)Warehouses (and other industrial properties)Day care facilities (for children or adults)Free-standing restaurantsLimited-service, flagged hotels (some unflagged destination hotels will be considered)Auto repair shopsAssisted-living facilitiesCall to ask about many other property types that are eligibleIneligible Borrowers: Non-profits (except sheltered workshops)Passive holders of real estate and/or personal propertyLending institutions (mortgage brokers and correspondent lenders are eligible)Life insurance companies (franchised agents are eligible)Businesses located in a foreign countryBusinesses selling products or services through a pyramid planGambling concernsBusinesses which restrict patronageGovernment owned entities (excluding Native American tribes)Consumer and marketing cooperatives (producer cooperatives are eligible)Businesses engaged in loan packagingBusinesses that have previously defaulted on a Federal loanBusinesses engaged in political or lobbying activitiesIneligible Use of Funds: Working capitalInventoryRolling stockBusiness “good will” or “blue sky”

Do you have school age children?

As mentioned in other posts, children of an IRA accountholder are disqualified persons with respect to the IRA, making transactions between the 2 prohibited transactions.

Make sure the tenants know that their pets and children should not touch the traps.Find out how the rats are getting in and eliminate that.  

Especially the part of the population with children that are more likely to rent a SFM for 1200 a month than a young couple or couple who's children have left the nest.

We didn't even get an inspection and everything was ok-a husband/wife had lived in the house for 15 yrs, and it had been well cared for-The wife died and the husband moved out of state to be near his children.

You often find you rent to one and the next thing you know you have all there welfare children moving in with them, as well as dogs and other friends and relatives.  

They would be moving 100 miles or more(could be 50 but I believe it is 100) for a new job or a job transfer or change the size of the family ie you bought a 2 bedroom home owner occupant and now have had several children and need a bigger houseMoving down is size is just not going to fly with an underwriter

Owned by the two children that wanted nothing to do with it and because of that left the rent far below market.