But, you could have 10/12K in up front expenses in a commercial loan with an appraisal, engineering report, inspections and compliance, attorney fees and bond underwriting fees in an SBA.Call closing companies to see if a lender is known, run a check on a lender with the Sec. of State and see if they are in good standing.

Planning to have an engineer and HVAC inspect if offer is accepted.

@Kevin Seith Tear downs are more costly as mentioned by @John Moore there are usually additional costs for permits and engineering and you can't forget having to comply with all the current zoning rules like setbacks, off street parking, sprinkler systems, fire separation, density, lot coverage, and impervious surfaces.

All good advice ...but keeping the course material on point to add value to your level of expertise in the REI realm will be an interesting exercise.During my Engineering studies we had to take 2 years of a Finance elective (after the required micro/macro econ., ordeal).But the Business/Financial faculty had little to offer other than pure theory so I approached a visiting prof in the Ag Science faculty.

My brother our foreman is a mechanical engineering grad and has spent 8 years as a project lead for Phoenix Industrial, managing safety and the correct installation of million dollar projects.Feel free to give us a call. 360-772-6355Thanks!

One of the engineers sent me an e-mail saying they were in the Omaha, NE area.

My day job is Avionics Software Engineer, so I am trying to learn how one evaluates such commercial properties and how one obtains factual information to based investment decision on such class of properties.The broker who proposed this purchase provided nice graphs with comparable curves of average vs. the property metrics, such as prices per sq.ft, vacancy, price per unit etc.However, the report is missing correlation to a specific properties the comparison is based on.Am I being unreasonable by asking comp information that is customary for SFR and low count multi?

My partner is handling engineering and construction and I'll be responsible for sales and marketing.

Welcome to BP from another Mechanical Engineer.

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty