, then you can bundle them together into a commercial refinance each time you have a batch that's ready to ship to the land of "good positive cashflow." 

I think you’re in a great position to do that and get your feet wet and utilizing this opportunity to set yourself up well as a young age.

This project, along with the new battery manufacturing plants from Envision AESC in Bowling Green and BASF in Shelbyville, is set to create thousands of new jobs and position Kentucky as a leader in the electric vehicle (EV) sector.

If I buy a small business that includes real estate, it is possible to assume the existing loan (at a lower rate), and finance the additional amount up to asking on a second position mortgage?

I’m in a similar position, but not as bad.

To determine if this property is a reasonable first investment, consider financial position, market knowledge, and market research.

That $108k is both what you need to pay your own salary with AND the mortgage payment if there is one.

Hi @Dwight Will I'm in a similar position (except I'm also looking in the Bronx).

So let's see what the net looks like:2421 rent - 242 (prop mgmt) - 2035 (expenses as outlined above) =  (+) 144 / month.So, Nikki proved me wrong - you can find a positive cash flow property with 20% down assuming the rent amount of $2421.As such, this could be a possible play for a new investor who is looking for solely hands off  turnkey. 

It does seem that rates are going down, and at some point like you say we will end up refinancing to a perhaps somewhat larger rate on a 1st position mortgage to consolidate.