Getting started in comercial real estate

[Axel Enriquez]

Hello BP community,

So let's dive in, here is a little about me, I have done a couple SFR before in the past but what I really want is to do is large Multi-Family, there is this 40 unit apartment complex in one of my markets I'm quite familiar with the area. I believe I can get the owner to do a 20% seller carry for the down payment and 80% bank financing. Took the deal to my local bank waiting to get approval. So this would be my first apartment complex, any advice anything that you could recommend I do especially during the due diligence period, anything that a newbie may miss. I have gotten rent rolls and requested financial statements for the property to verify that they are actually getting what they say they are getting. Still waiting on them. Of course I'll verify tax records and get quotes from my insurance agent for the property you know the basic stuff. But what else? What else I'm I missing what are some areas in this niche of real estate investing that need special attention, a deeper in depth look at?

Thank very much in advice for your time and for sharing your experience and knowledge with a newbie