Or you need extra cash sitting on the sidelines to help if your rent up phase takes longer, or it you get into a Price war with deeper pocket companies.a. 

@Tayvion PaytonWelcome to Bigger Pockets.

There are some interesting pockets in Broward County in and around Fort Launderdale, but I would start small if you can find something that matches price and location.

Hi LoriAs a fellow realtor I would suggest keeping this website in your back pocket for your future clients. https://www.areavibes.com/This website is a great reference point for figuring out what each area is like.It gives you a total LIVABILITY score for each street and zip code.

You should be able to shop local lenders and credit unions and get a much lower amount of cash out of pocket while still achieving your goal of 75% or even 80% LTV on a commercial note.

And then there are also  sewer scope fees, and if your inspector recommends other inspectors to do inspections on things like the plumbing system, the roof, the electrical system etc... those have to come out of your pocket also- if you're going to pay for them.Does your lender require a Phase 1 Enviro; How do you intend to pay for that? 

@Anastasie Weladji NguekamWelcome to Bigger Pockets.

Welcome to Bigger Pockets, Out of state (OOS) investing would be a wise decision, with Californias market is so highly appreciated.

Bigger Pockets has been a valuable resource for me, and I know I still have so much more to learn.

Plus there is the prison that has employees.There are pockets of Palmdale where there are homes with a good bedroom count.