However, it is very rare for a bank to exercise this clause and call the loan due.

Automate It: Getting someone to physically bring in a paper check once a month for a house they lived in 2 years ago is a large favor to ask.

@Bill F. is a 100% right on this, the reason there is such a big disagreement here is people aren't talking about the same unit sizesAn estoppel is not proof that rent is being paid its just proof of what rent is supposed to be paid (physical vs economic vacancy), it protects you after the sale so residents cant say their rent was lower than it actually is or they have special privileges they really don'tDon't wait until after you buy to find out who has actually been paying.

Just start going to seminars on topics you want to learn more about, events that look intriguing, etc. but exercise some discretion especially when they are charging money. 

I am trying to put an offer together for a self storage facility that is currently 79% physical and 70% economically occupied.

We have a prospect looking to sign a 5 year lease for space on the first floor for physical therapy.

You will now have a huge monthly bill that you must pay.I'm not going to tell you how to think, but looking at mortgage loans and comparing how much you pay in interest is not a beneficial exercise IMO. 

Question: If I have the borrower's sign a deed-in-lieu before closing the loan, what would trigger my ability to exercise it?

@tyler mundy  Are you referring to comping NOIs or are you comping physical property criteria (unit count, finishes)?

If physically seeing and having a copy of the Tenant Credit reports and other Inquiry data is something you must have suggest you include in the Lease Listing Agreement.