Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

When the ROE is significantly smaller than my CoC return (based on initial investment) I know it's time to make a move to increase the velocity of the money.

My base income is ~$95k per year.

Then make your decision based on information.  

If debt concerns you, look at DSCR loans, which qualify based on rental income instead of personal finances.

So, based on your numbers you could borrow up to 243,750 on property A, but owe 220k, so that would only be 23,750 in borrowable equity. 

I'm a CRE attorney based in Nassau County although I frequently work in the boroughs as well.

DSCR Loans – Debt Service Coverage Ratio loans qualify based on property income, not personal debt-to-income ratio.3.

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

Is my CoC return solid, or do I need to adjust anything based on my market?