It sounds like they require 20% down.

We have had other candidates who say they are self employed but our process requires tax returns - although we have had a couple who could produce the appropriate pages, most of them go on to admit they don't report it and thus are unable to verify the income.

However an FHA/VA loan will always be subordinated to a conventional loan due to the extra costs that come with accepting a va/fha loan like possible termite treatment and lender required repairs.

eg. the allowance of 45-55% for expenses would normally INCLUDE vacancy, not requiring you to subtract further!

Personally, based on my research, I feel like if you are fully aware of the permitting and inspection requirements in your market of choice, the costs of getting up and running will be taken care of very rapidly if you are planning to pursue shipping container construction as a model.  

This originates more from single family sales, where there is an "option" to do any repairs required by the buyers' lender, up to a certain amount.  

@Chris Roche - no clue where your $128k limit came from, and I have never heard of a lender requiring more money down if your income is too high.

If I purchase this property, am I required to pay the outstanding liens or is this something the seller will pay?

This does not require much of any marketing money to start and to get deals closed.

It is from a previous business that he owned, which went under.Am I required to pay $141,000 to cover those liens, in order to get clean title?