The only downside to these is they are typically higher interest rates and shorter terms. 

As pens meet paper, the transfer of ownership begins, marking the start of a new chapter for both us and seller.

So one by one they halved the values and almost doubled the tax rate.

After doing this, I then run the property through Airdna.co and/or Mashvisor.com  Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc. 

The conventional loan rate was 7.625% for 30- years on a selling price of $100k What made you interested in investing in this type of deal?

Guess what since previous weak tenant was market rent you are losing your ***.I look at high cap stuff when it's few years left ( blend and extend ) or it can be weaker tenant at higher cap rate like 10 cap BUT I want them paying about half the going market rent for the building size or less in that market.

I look for low crime rates, good schools, high rent to value ratios sometimes as high as the 3% rule. 

In either case, I'd be looking at markets with a growing population (demand), a shortage of inventory (supply), and a market that has a net positive importing of jobs with wage growth.As the Fed's a poised to make some moves with interest rates later this year, the question still remains to be seen what they will do with their QE/QT policy on their balance sheet as that will affect long term 1-4 unit rates. 

Check into their BBB rating and real reviews.

Their needs vary over time and the market interest rate varies.