Commercial Real Estate Investing

[Oleg Sergienko]

Good afternoon Real Estate Experts 

I am planning to start commercial real estate investing later this year with the following plan: 

Looking to get 10-20-30-40 unit commercial multifamily with 20% down and preferred lender (the downpayment funds will be combined within 2-3 investor either to syndication or real estate fund, not yet decide it). The initial plan to get a building with outdated market rents, but 90-95% occupancy and light cashflow. Then within 6-18 months make a full rehab and updates with a preferred contractor, get better leases and refi. 

Initial budget $250-600k +- 

Please advice if it's seems like an ok plan in your opinion (preferably if you have personal experience). 

Do you think it's a good money investment considering current crushing market and if you consider this as a safe investment. 

My experience: 6 years of real estate brokerage in South Florida, + One successful flip with a $300k revenue. 

Thank you for your time!