I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

Starting a real estate portfolio sounds like a fantastic goal, especially with your background in civil engineering.

There is a reason in most states you have to pass a criminal background check to become an agent.

The collection sits on their credit report, which may protect the next Landlord who runs a background check.

Second, with that kind of background, you are "good to go" in any neigborhood in the USA.

I would not include the smoking background and pet policies in every reply.     

With a telemarketing background, you will definitely have the reslience that you need to talk with a lot of sellers.

They will grant a court order and the money will come out of his paycheck.Most folks that get prosecuted for tax fraud have a pissed off ex in the background who provides the IRS with enough info to go after them. 

@Rodney LoveReal estate investing is a common means of escaping the 9–5 grind, although the methods used to do this vary greatly depending on the investor's background, abilities, risk tolerance, and the health of the market in the desired investment region.

. 🔨 Background: In my SFR3 days, I steered acquisitions in Little Rock, AR, tallying over 100 successful acquisitions, rehabs turned rentals during my tenure.