It seems like you just really wanted this property so you let your emotions drive your offer.

@Damien Davis - I bought most of my properties when I had a W2 job. 

Have you considered house hacking your first property?

For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

Commercial properties are not evaluated by "comps" (well not exactly) they are evaluated on cash flow.

Hey Max, Nice to meet you here.. do you have any top priorities when searching for a property to drive by?

I definitely want to buy more properties.

Too many wholesalers are so eager to get a contract that they lock up properties way above market value, hoping to find a buyer who doesn’t know any better.

For the second property, I would expect to have to put money into it in some fashion.

I've seen banks be very competitive with blanket loans that cover multiple properties and/or multi-family properties, e.g. 5+ units.Mortgage Brokers (obviously I'm biased) - Brokers have the ability to work with all of the above and can get you to the best lender for your scenario right away instead of having you waste your time with the wrong type of lender.