Since it's in a light commercial zoned area, maybe the units could also be converted into pure office space which may yield better.

You're getting $3,660 pure income flowthrough per year on $15,000 outlay, or 24.4% IRR. 

For the most part it doesn't matter and is purely a numbers game, but you will probably have less competition if you avoid the absentee owner lists as that is seemingly everyone's first stop.

Your offer is no money down, and pure principal.  

We are buying purely for cash flow.

@Kevin Romines Your response is pure gold.

I was able to buy a pure investment property just 5 months later.... but the first deal was what really allowed me to expand and begin my journey as a real estate investor. 

Finally, as this is a pure investment property and not a house hack, lenders consider it a pure commercial play and all but one ask for 25% down and 5%+ rates...any thoughts on this?

Would paying pure interest first year of the loan contradict saving money on the $5k credit? 

But want to diversify away from a pure stock/bond portfolio.Current scenario:I am finally in the market to by my first property.