Have Historic P&L, fully executed lease copies, but do not have the actual bank statements or deposit copies proving income (economic occupancy).

Hubby says they make enough money but just cant figure out how they get/got behind.. to me its basic math to others its a challenge and we know that 2 to 5% of borrowers are challenged this way and go into foreclosure for a myriad of reasons some is legit.. loss of job  health etc.. but many is just mis management of income to expenses.Consumer debt for these folks is what I came to believe is the real killer.. too easy to buy expensive cars too easy to buy motor homes and campers with the 20 year payments.. boats etc.. or just whipping the credit card out .. renters it seems are more human condition.. drugs alcohol  baby daddy broken family stuff .

Just make sure you factor in downturn potential and have plenty of reserves in case of a major economic event. 

Well the first thing is people lose their jobs, and people tend in the lower economic categories get hit hardest.

It has been over a week that I submitted my conditional documents and it is still not fully approved.The lender that my LO signed me up with not only has an underwriter review but also a Quality Control review and a final investor review (So, they can sell my mortgage in the secondary market immediately)So, how likely am I to go through all of these levels of scrutiny in just 2 weeks if I don't even have the full underwriter approval yet.I am so worried that it is starting to impact my health now.

There is a city sponsored economic development organization, “Main Street” that is focused on promoting business on this street.

Close, put the $250k you planned into it to fix any health or safety concerns then use the cash flow to fix up the building or redo units as tenants turn over.

They sent an HVAC person out to inspect and see what needs to be done and their conclusion was that the entire system should be replaced for "reaching it's economic lifespan", for almost 3,500$ .

I feel I don't have any quality life with family, have experienced some health battles due to stress, and I have a micromanager of a boss.

. = operating expenses.Net income - operating expenses = Net Operating IncomeFrom NOI, deduct reserves and capital expenditures (CapEx) for replacement of obsolete replacement (parts of buildings that come to the economic end of its useful lifespan).What's left is EBIT = earnings before interest and taxes.