Whatever your answer is, it will get you thinking on if and how to proceed into the commercial real estate world.All that being said, my general answer is YES, it is a good strategy.First step should be to start educating yourself about commercial real estate, how its valuation is based on profitability and not strictly on comps, how to leverage the power of partnerships to get large deals done through syndication, how job and population growth start playing a big role when evaluating markets to invest in, etc. 

The trouble we've found with established or as you call them "stable" tenants is that they feel as though they have more ownership of the building than you do - it's a funny, unbalanced power dynamic that's just awkward.

They are all battery powered now, no wires!

If the electric is in the house tenants name and they get turned off you have the other tenant without power . 

@Mark ZarragoitiaNonbank Trustees and CustodiansA financial organization not described as a bank under IRC Sec. 408(n) also may be eligible to act as an IRA trustee or custodian if the IRS grants the organization nonbank trustee or custodial powers.

The MLS alone is an incredibly powerful tool. 

Hence, a property's intrinsic value (appraised value) might be higher but its selling value will be lower as the buyer has all the power. 

Year 2 with an appreciation that historically is not greater than inflation the Memphis RE will produce $7200 (slightly more with inflation but $7200 purchase power). 

The power of the 7 Whys....Why are you passionate about REI?

Good evening Deepa,I would approach a broker with:Timeframe in which you'd like to purchase your first property (i.e. 3 months, 1 year, "not sure"Pre-approval letter: this will show the broker that you've taken action and have brought documents to a lender in order to learn your buying power.