Remember you don't have to own a property to control it.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

Remember you don't have to own a property to control it.

(Copy and paste is formatting the text that the text box can't control at the moment) Maybe the owner is only trying to get it approved.

Check to make sure theres enough  car parking to support both store fronts, plus the tenants of the apartments (city can limit the types of businesses depending on parking, for instance if theres not a lot of parking they can not permit restaurants).Also find out if the building is in a DDA controlled area.

Remember you don't have to own a property to control it.

Solo IRA's are a flavor of SDIRA's but one step further down the road to independence and control than SDIRA's.  

Remember you don't have to own a property to control it.

They will help with reviewing contracts, criminal and traffic cases, too.

Well, here is some out of the box thinking from someone not involved in commercial real estate nor the hospitality industry, but very involved as a patron of restaurants...First question... is your location good for restaurant traffic and does it have adequate parking?