Either way, something that can come up quite quickly but is the nature of owning condos.  

I think the part that got me to accept it was them letting me know they were looking for leaks and things of that nature and it wasn't me specifically.

Also could you give some info on the nature of the business of this commercial property?

Is there not another mid-size city with less natural disaster risk and better cash flow you would like visiting?

Naturally, you'd have to work out the specifics but that's just a thought that comes to mind.

I have never been a land lord before and I wanted to start building cash in my business, so for me it was a natural fit.

I suspected it was something that was just subjective in nature but wanted to be sure.

But I find it important to do some research on other markets or areas affected by similar natural disasters.

@Russell Brazil this is from the Fannie guidelines under the "Delayed Financing Exception": a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.

I see it as a natural healing facility with all the amenities are available to patients.