I would also want to know the management of the owners and how long they have been in the business, 5 years seems to be a drop dead point for many new motel owners, or less.Good luck on your first commercial note sale

CA may have dropped out of first place in foreclosures according to our local paper.

A lot of investors got hurt in 2008 from banking on appreciation and valuations dropped.

Most of the sellers I'm dealing with these days are way under water on their mortgage (they purchased for $150-200K and their house is worth $80-120K), so it's unlikely I could find someone willing to pay enough to cover the seller's mortgage payment.

I gave them the applications, to which they left with and came back an hour in a half later to drop them off (with the most recent paycheck stubs They informed me that they were not going to be looking for another place unless they heard that they did not get the apartment.

Pilot goes out AFTER it heats the water.

Unless you're saying that the water from the fire department putting out the fire led to the mold.

Despite the furnace and water heater being old, and the siding needing replacing in the next 5-10 years or before resell, overall it is in great condition.

If you value your efforts and pay for the gas to drive over there, you're under water!

My goal is to get this as low as humanly possible and this listing has dropped from 150k to 120k in 10k increments for the last three months.