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I created a list of 8 questions to ask your lender to see if they are good for investors (below) and you can even post in the New Jersey forum to see what local people are using for banks too. 

Such as tax preparers, sandwich shops, etc.... that will really suffer if traffic volume dries up.If this is his thought on this, it comes down to preserving the "Asset Value" of the shopping center through tenant mix.Storage units seem to be low volume traffic draws compared to a Home Depot or something like that.

Here are the knowns:Rent per tenant: $750 (this is below market value due to deferred maintenance, I believe $1,000-1,200 is more realistic)Property taxes: $900 per yearLandlord insurance: $1,000 per yearLandlord pays water/trash: claims to be $125 per month (will ask for proof)Landlord is in charge of snow removal and mowing lawnThere are 5 electric meters, each tenant pays their own (landlord covers hallway and outdoor lights)What I plan to ask for is the copies of the leases, copies of the utility bills, and copies of bank statements showing the tenants are actually paying on time.

I believe with the yield available from purchasing performing notes generally being below our target, and with the risk and pricing too high for most non performing offered, and so many hard money lenders originating in single digit interest rates, that we needed to get creative to invest our money for our portfolio to yield our targeted return, without increasing our risk.

For property insurance - I did a rough estimate of $189,000/$1,000 x $3.50 and amortized monthly.Vacancy = 5%, Repairs =5%, Capex = 8%, and property management =10% (even though I'd manage it while I lived there).Clearly, the numbers don't look very great at the $189,000 ask (see below)So, we've gotten a negative monthly cash flow of $693.35 to live there.

I pasted it below. 

Those that were lenient on their tenants and kept rents below market might be punished (but then again it only takes 2-3 years at close to 10% rent increases to get to market, presuming you're not THAT far below).

Currently listed on Airbnb, HomeAway, Glamping Hub, and Booking.comPricing is well below market for the summer months

I reward long term tenants with below market rents.