I had a few  four-plexus back in the late 2000's and they had great cashflow on paper but deteriorated rapidly when the unemployment rate rose. 

Those are a few I can think of off the top of my head.

I have been beating my head against the wall trying to make potential deal around my local work for buy-and-hold, just not gonna happen, at least not in a positive cash flow way.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

Seems like you're headed in the right direction.

I would be concerned that significant deferred maintenance is rearing its head right around the corner.

That's when in my head I said, s*@t another road block.  

Read up on the restaurant industry and get into the heads of those who are successful.

All of this horror stories, honestly after hearing them I usually had a no duh you failed thought in my head.

As I have stated in almost all my other forum posts, I am heading into college in the fall.