The credit of the tenants and what is backing each lease is critical as well.Many more pitfalls than residential.The problem with your deal is that this is a very small balance loan in commercial.

Builders in Kochi have are now keen on constructing affordable housing projects that can help meet the expanding needs of the working class people who have keenly started investing in Kochi real estate sector.After a brief null due to the aftermaths of global recession, Kochi real estate sector has now started enjoying a steady and balanced resurgence, and is focussing to keep-up with the growing demand for affordable housing projects, including flats and apartments that cost below thirty lakhs, to cater to the needs of the major share of working class people in the city.

They brief - you do some maintenance and then you get reimbursed out of the reserve account - but by requiring a 2-year minimum balance in the reserves - you get reimbursed 2-5 years after you put out the money in the first place.

Originally posted by Bryan Alenky:good point marc...i was gonna mention you can get a cheap diverter or a 3 handled system...different ways to go with much different prices Most codes will require a pressure balanced T&S valve for safety reasons, so when replacing a tub and faucet, an old style 2 or 3 handle will not meet code.

Not enough information here, you need to know what they are asking, what is the balance, is the rent being paid, what liens on the property.Once you get that information you will be prepared to make an offer. 

The difference between balance owed and short sale price?

The terms would be:-30% down - $73,500 -Loan balance - $171,500-4 percentage points - $6,860-15% APR   - 6 month project - $12,862.5Total cost at closing - $80,360 plus origination fees etc...Total cost of borrowing money $19,722.5Am I grasping this or am I way off?

I understand that the income gained from investment properties adds to our yearly income and may help balance out that increased debt-income ratio, but loaners want to see 2-3 years of tax returns for mortgage approval. 

Glad you got some balanced advice from Mike.

@Chris Stromdahl  In the past I was able to verify with the local utility company that there were no outstanding balances attached to a house I was performing due diligence on.