Since this isn’t a “fixer,” and you’re going the FHA route, you’d have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point.

Just like any vacation spot, some are looking for deals, some want an experience and some want location..Just think Vegas, you can stay off strip and Uber in or stay at the Bellagio and be in the middle of it all with high end everything.

ok first off, Oklahoma is tough all around. 

Pop the roof off and build up!

Macomb has been a great market for us and we have it locked down with solid off-market opportunities, but we have a growing team and would like to expand.

I just received the check to pay off the interest only loan and now own the commercial building .

Examples - owner occupied loans for house hackers, specific market knowledge (ie - friend of mine that ice fishes and bought a short term rental cabin in an ice fishing spot that you and I would never know of), ability to do renovation on your own or cheap, contacts with local companies or organizations that would be a tenant source for mid term rentals, ways to source off market deals, etc.Whatever it is, figure that out and get started.

Are you saying that for one year after a property owner has lost a home in a tax-deed sale, they can still get it back from the person who bought it at auction if they pay off all fees related to the property?

I have a great opportunity for lending since my restaurant is already well off and they would consider the businesses financials for the loan.

Personally, I feel you should start off with understanding what actual reality is.