And a local attorney is good to have in your rolodex anyway for future issues that may crop up.

She currently has a single wide mobile home that is past the point of repair (will be demolished), the brush (trees, vegetation) is overgrown and needs to be cleared, and she is extremely motivated to sell.I have a few questions:1) The lot is located in a mixed use area, consisting of residential, mobile homes, and a few warehouses.

I would recommend first off handling whatever credit issues or building your credit profile/score. 

However, there's a critical ethical issue if the company did not accurately represent these terms or the process, leading to your misunderstanding.

Based on your numbers above I cannot imagine any of this would be an issue however as your DTI should be fine, but no one can give you definitive answers without an application.2. and the last sentence of the above IS the way yo insure a smooth process.

@Ray Williams E&O doesn't cover slip & fall liability issues at YOUR rental.Doubt their commercial policy covers anything but slip & falls at THEIR office.So, they should want you to add them as additionally insured, so your insurance covers them for a slip & fall at YOUR rental.

Might go to my profile and to my posts, there are probably 1,000 posts on this topic, I can't write them all over again :)Additionally, if it is for investing then put on the face of the note "Commercial Note" you will avoid tons of regulatory issues as a commercial loan.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Keeping records of any notices you issue to your tenants is also crucial, as it ensures that you have a paper trail of any communication or actions taken.

The issue comes with test 2.