Opportunity for a 12 unit complex - Requirements?

[Sean Gummer]

Hey everyone - An opportunity has presented itself to potentially purchase a 12 unit apartment complex. It is two 6 unit buildings. It looks like I will be able to partner up with a friend and get the down payment together between the two of us with capital from an outside investor. My question is what advice do you have in making a run at commercial properties? I have a bank that is willing to lend, but what steps should I take to help that process along? Are there any certain legal steps I should take in this process? There is an offer on this property, but that is pending the sale of a large property. If we can get our ducks in a row quick I think we will have a good shot at it. Any information is helpful, it's a step in a new direction. Thank you!

[Chris D.]

700k, with income and expenses and loan you will not be making 3k a month