Skipping to Commercial Buying

[Jack Davis]

BP, I'd like to get your advice on a first-time investor skipping small multi-family properties and purchasing commercial housing buildings. Would your thoughts be to "Go for it!" or "Start small" & why?  Additionally, without a track record, is one likely to find funding from conventional lenders? I have great credit, a good amount of funding and intend to make use of local professionals for day-to-day responsibilities.

My thinking is to make the most of my time/leverage and find a B/C+ building with 12-15 units within my budget. As I currently live in SoCal, I intend to locate a Mgmt Co to handle day-to-day responsibilities (possibly existing management). What are your thoughts?