@Rajesh Mittal You might have a commercial mortgage if you packaged the condos together especially if you got a loan from a local community bank.

If there are breaker boxes or common elements in the basement (water heaters stored there, breaker boxes for the upper unit, furnaces) the basement is common space.

There will ALWAYS be an element of risk, it will always be scary to do your first deal, but the way to overcome that is to do a few deals and learn how it works. 

I'm unsure if there would be a better rate on that, but we've found it's much easier dealing with our branch agent because he's way more open to putting different packages together with us.

This is where you need both an efficient/effective lender as well as an experienced/effective loan officer to put your package together so that it passes underwriting in the first shot. 

Then deal with the less-likely issues (mold, bed bugs, cosigners, etc) when time allows.If you have a lot of rentals or are a property manager, I highly recommend buying a forms package from a professional.

IE you can e mail or call and give and address and have a TRIO on your computer in 90 seconds.. a trio being a copy of the tax page  a copy of the last recorded Deed and a copy of the plat map boom done and free  Title companies out here are quite competitive and they all have a customer service department that does nothing but support agents in their marketing efforts.. and many have Development arms.. so when i want to look at a potential development they will give me a developers package.. now they do sell those  I get them for free.. and this is a bound book with all the zoning  sewer water power demographic google  topos etc etc .. that usually takes a few days. 

While there are many elements of government engagement in real estate that can be challenging, my business and family have benefitted greatly from that same government's depreciation rules and establishment of fannie and freddie loan programs.   

Hi BP, I recently heard that the recent 1.9 billion  stimulus package that was passed in March has a large sum of relief allocated that would help or go towards landlords and property owners in need.

Total package is $35k before repairs.