Hello fellow investors,I have >500k commercial loans with a local commercial bank, on 7 different properties (single family houses) upstate NY, from 7.25% to 8.75% on 10 years fixed rates.

You need to make sure the policy/coverage you get is designed for this use and not a standard homeownes policy.The Lawyer and the town can give you an idea of the Modifications you may be required to make due to:- ADA compliance- Fire Code Compliance- other Laws/Ordiances that may be triggered when you move away from a Residential to a Commercial exposure

Have you thought about making commercial multifamily your next step? 

I understand that short-term rentals are only allowed in the Commercial Zone and Historic Core Zone.

Hi @Chen Avnery, I spent years lendinging to commercial borrowers for commercial projects when I worked with banks then I got into funding developers and builders.

The nice part about real estate, however, is that since a property's tax value is depreciated over the course of 27.5 years (39 for commercial) that depreciation is considered a "loss" and counts against any positive cash flow you had.

If you are a new investor, make certain that you have a commercial policy specifically for overnight rentals. 

Do you specialize in residential or commercial market?

Tenant is murdered in rental and police rope it off for 2 months And this doesn’t even include my commercial properties!

I would say thats the biggest issue I have when it comes to these multi tenant commercial/industrial flex warehouses.