What if the business causes a risk exposure to the property that wasn’t in your plans when you purchased the building?

I'm no expert on the area and the rent you could get but That 600/mo HOA with the risk of an increase and/or special assessment has to be a (female dog). 

underwriter hereMAYBE you can get away with this, but with no contact from here it'll far be harder. part of risk mitigation is telling the story of the deal, but here we only have 1/2 the story, yours.

This property should be of very little risk/concern.

Maybe I’m not understanding things correctly, but wouldn’t the risk of a major fire coming through again be lower since much of the old kindling has now been burned?

you have NPN and you have new origination performing notes.. new originations are readily available to you and are a great way to diversify.NPN are work and can be quite complicated and risk factor is higher but returns if you get one to work is higher generally than new originations.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Takes less cash up front and lets you spread your risk between several neighborhoods.

My situation is I am switching jobs internally with the same company, however I am taking a 50% pay cut and don't want to risk my debt to income ratio on a cash out as neither unit is rented just yet.

@Amy Rodgers There is a huge element of terror involved in putting up a lot of your own money or risking your credit for a real estate investment, especially when you don't have a particularly remunerative job to fall back on.