Underwrote for a 94% occupancy, 1% bad debt, and 1% concession

I'm essentially getting the property for no money down and will let the owner occupant or tenant buyer deal with the repairs.

I am in the process of learning all I can in order to live off a passive income from real estate, or have the majority of my funds come from this occupation.

If so, what is the occupancy, and what are the current rents?

The occupations of the people who live in a $300/Mo. property are likely very different than people who live in a $10,000/Mo. rental.

What do they see them selling for per unit, what is the market occupancy rate.

Most commercial loans are tied to an index like LIBOR or some sort of SWAP.Again depending on the property type, be careful of any loan covenants such as occupancy rates, minimum liquidity, etc.

Evictions in Texas dictate that occupants and belongings will be removed with the writ of possession. 

Occupancy Status (preferably a Rent Roll) Rehab Estimate (vacant or if tenant leaves) Market Value (based on sold comps) also known as ARV (After Repair Value) Current Manager Assignment Fee / Agent Commission Back Taxes / Liens / Mortgages Owner Financing Availability Closing Time Frame Photographs Leases and Tenant Ledgers

remember FHA will carry a PIM upwards of $200+ for the life of the loan (and 12 month occupancy req), make sure to add that in, or PMI if you don't put 20% down.