I believe a typical commercial loan will be at 65% LTV... but in the commercial world the lender may allow a seller carry back of some or all of the remaining 35% with a 2nd position loan/mortgage/lien.Things to know about commercial loans... they'll have shorter amortization (generally 20 years versus 30 on residential)... higher interest rates (generally a full point higher)... will be variable versus fixed... and will likely have a balloon payment.I don't know of any Florida realtors but you want to look for a commercial realtor. 

It's an excel spreadsheet thats 88 pages long, with the owners name or LLC, address of property, and amount delinquent.  

It’s an excellent place to start, and can answer many of your questions.

I get excellent returns as a private lender inside my retirement account and hold all RE outside of it.

If this has been on the market for 2 yrs now either he wont budge on price, asking way to much, needs a lot work or problems or all of the above. 

@Joseph England Excellent post.

I have excellent credit and no debt to speak of, I just over analyze everything I look at and overthink myself out of doing anything regarding starting.

Excellent podcast.  

Freddie Mac and Fannie Mae each have some excellent Small-Balance loan programs.

Building up your understanding Excel should be a requirement.