I would never want to treat an investor as less than absolute gold and risk losing access to capital.  

Bigger spaces are easier to lease because I can afford to invest money into marketing or split a fee with a broker representing a tenant... however as these are a variety of small office and retail spaces, I'm looking for low-cost advertising solutions.  

You may not have any paperwork, but you absolutely have an agreement with existing tenants when you buy an occupied rental.  

Good for you for keeping your rent low for the area and saving your cash. 

Property / Finance details here with comments below.Address: 2626 NE Multnomah St, Portland, OR 97232Property Notes: large basement but ceiling too low, could be zoned into duplex, gutters not attached, evidence of plumbing issues, backs directly to freeway, noise is very present, tenants don't mind noise.  1 squatterPurchase price 337kLiens aka Cash needed - 66kRepairs needed est - 10kRent estimated - $2,300/monthMy number crunch viewable at this linkhttps://docs.google.com/spreadsheets/d/1FJlTFIbInZ...I love the area for appreciation.

I don't want to clutter this thread but had a quick question 168k/yr seems low on over 100 doors.  

lolNo but seriously, you can refinance the property using a private or hard money loan program that offers a no or low FICO option.

@Kylann Griffin hard money lenders would probably loan you on that all day long because they'd be at a very low LTV.

If your Lender makes you pay (them) for MORTGAGE Insurance (eg. if your deposit is very low), then yes, THAT Insurance is "just for the loan".

All in all, the price was very low.