If you have a strong relationship with a bank (track record of successful investments) they get more flexible on stuff like this.All my commercial stuff is single tenant buildings, with similar leases (non national tenants) and I get financing at around 65% LTV (I don't own very many commercial buildings).You could also make the purchase contingent on the existing owner getting the tenant to sign a longer lease.

They have a track record of results and understand the renovation process that is likely to occur, thus having a better eye for the final product.Of course it all depends on the skillset of the person.

@Wayne Brooks i was planning to get pre-approval, but good to hear I'm on the right track.

I don't focus on those markets but perhaps we will be able to fold in tracking those areas more in time.

You're on the right track.

It's an ok neighborhood (close to some train tracks and a small industrial area), not unsafe or trashy.

I really doubt they are going to follow the latter path as they would not be capable of supporting their position, but, then again, I wouldn't waste the time and money to take them to court if they did.

Atleast this provides me assurance that I'm on the right track.

with a separate tracking number on the sign so you know that you're talking to a buyer, not a seller from the outset, and know more of how effective is the campaign.

Looking forward to tracking your success.