Commerical brokers do this in the form of their flyers and blue sky profroma's. you still have to do YOUR OWN due diligence.but once your licensed you will get a good feel.. 

Local lenders I've talked to have said they loan to owner occupied commerical but not on multi family.

I'm thinking commerical, good tenant, higher dollar cost but overall fewer units. 

I’m currently buying 2-4 units throughout Indianapolis currently. I using a loan lender for all the purchase loans on these homes but now getting close to my limit. I need a referral or recommendations regarding a bla...

So if I have been doing flips for a while, I might start looking at buy and holds or commerical properties.

Anton  part of it is keeping up with the Jone's  if abc turn key presents their product with blue sky it makes the others compare apples to apples.easy napkin math is simply 40 to 50% of rent will go to long term ownership. you may do better you may do worse but if you use 45% for instance it would give you a pretty good idea how it will perform over the long haul. this works good for 800 to 1200 dollar rents.. if your buying D class with 600 rents this number is probably WAY lowthis type of thing is soup de Jour with commerical brokers selling Multi family.. they only present the best case scenario its up to the buyer to do their own reality check

My question is how do folks in commercial space systematically evaluate commerical opportunities. 

most likely you can make commerical purpose loans with your own money with out a license.. what you cannot do is any type of owner occ loan.I disagree with you needing to start a company and webstie and all of that.. you will find all the borrowers you need at the REIA meetings... no amount of training can suppliment actual experince.. most folks looking to borrow from someone like you ( private lender) is looking for cheaper money that the local HML charges.. so do some rate shopping and see what your local HML are charging.. in some states its not legal to take points on the loans only the interest.. again check the laws either read your state statues or talk with a good attorney.. there is a lot that can go wrong with rehab loans and you as the lender are the one that will be taking most of the risk. 

It becomes a do what you can to break even and let the tenant pay for your house  investment  at that point break even is  a great result your profit is tax write off and mortgage pay down and the anemic appreciation many of those markets have  since appreciation is basically like commerical property only there if income rises from rents..

Anyone have an idea what the Indianapolis cap rate is currently for B class commerical buildings with 30-40 units?