The structure is mainly appreciation-based, which minimizes tenant and maintenance risk. 

The company is based out of Sicklerville, NJ but also works in Philadelphia, where he was born and raised. 

Based on your estimated monthly "passive income" of $2,532 that you'd pay an investor, I'm estimating the investor would contribute around $380,000 to the acquisition, is this correct?

Perfect.

I find that regardless of the bank you go to, they often follow the same type of rules and can be stricter; however, some might favour you here or there based on the relationship you would have created with them.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

There is a solid argument of course for MF investing and scaling based on NOI.

I was told initially that commercial deals(5 plus units) were based more off income property is producing than personal credit/finances but that's not entirely true.

Based on the CU's loan calculator, we can finance that over 60 months for a $320 payment. 

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.