Now, down payment, if you lack funds for the 20%, ask if you can have 5 or 10% down and qualify with a 10 or 15% seller financed loan, since it is commercial, that may be a doable deal.

This is a gray area in underwriting and is tuff to get done due to appraisals, the lack of mixed use properties.

This of course is within the FHA loan limits of values; it is not as prevalent in the higher end markets, though they too are experiencing some valuation increases.Interest rates being low is only one item, lack of inventory, previous short sale victims now at 3 year mark after short sale, thus qualify for FHA loans again, and many other factors are driving this market and it should continue for a while until the market shows signs to the contrary.

Too many people get out ahead of themselves, and end up losing money for lack of understanding the basics.

But with the lack of funds, I was looking at wholesaling and fixnflip to build up capital.

That aside, your biggest problem is the lack of cash flow.

Would you use the end sale amount as your ARV(for lack of a better term)?

Dustin, no reply for hours is probably due to the lack of information.

Sorry for lack of info.

I also love real estate because it let's me be creative and use my head to make money, rather than just my (lack of) muscle!