So, for a quick background on myself, I am a recent college graduate living in Atlanta, GA, currently working at a marketing agency full-time, but have become extremely interested in pursuing some sort of real estate investing.

What sort of investments are you looking for?

Hi all,I'm still scouting for my first deal, and I came across a commercial multifamily (7 units + 2 stores) that is out of state (NY, I'm in CA) that looks promising.The basic numbers are:Asking price:  300kCurrently leased, bringing in 74k per yearTaxes:  8,600, but assuming 10k.I'm assuming this needs to be a commercial loan, which brings me to my first road-block - my down payment ability is limited to about 30k (I have an IRA with 60k in it that I can borrow up to 50% of).What sort of things should I be on the lookout for with this type of property (assuming I'm able to surmount the down-payment problem)?  

As such, I hesitate to tell you unequivocally to not pay off debt - that may be the right thing to do.What you are looking for is some sort of risk-reward that compares the two.

The two neighbors that we've met have both complained about them, saying they smoke marijuana in the garage and are generally "rowdy" (kids throwing rocks at cars, garage seems to be some sort of default "hangout") in an otherwise nice family neighborhood.  

I'll be trying to sort it out tonight.

Thanks for reading and I hope I'll make some sort of contribution to the forums someday.

History repeats itself sort of.

@Andrew SyriosI'm so eager to get some sort of progress.

Are they really getting another fridge or is this some sort of hustle?