First commercial investment- Chicago Suburbs

[Matthew S.]

Hello all,

I am in the final due diligence stages before I submit an offer for my first commercial property. I am sure most of you remember your first offer. Frankly, I feel a very strange combination of confidence and wanting to vomit. Anyways, I wanted to post my numbers and see what more seasoned investors thought.

If you are familiar with the Bellwood/Maywood suburb of Chicago this is the area we are talking C-/D.

However the property cash flows. 8 unit solid building six 2bd1/ba and two 3bd/1ba. My goals are to supplement my w2 job and obtain a few multi family properties.

here it is (numbers reflect self management) as I work close by):

https://www.biggerpockets.com/calculators/shared/905110/8aa8db9d-14e2-4402-b84a-0be58143537b

Any feedback or questions or comments welcome!