At 7.5%, it doesn't sound like hard money financing but you also have a very low down payment there around 5%. 3.

hi, I'm not sure what is best. 

It should be very easy to switch out.

People have bought terrible deals in the best of markets. 

If there are people buying them, it's best to see how they're buying them. 

A set price per unit doesn't make sense to me because the finishes in a C class unit in a modest market versus a B class unit in a more upscale market could be MILES apart and cost VERY different amounts to repair/replace. 3.

Which of the two, SBA or commercial loan, offers the best terms?

It's very unlikely.

We live outside of Carthage, TX in a very rural setting.

I very rarely get a reply and not everything is addressed.