Take you number and double it at least probably triple to be safe.- Why would you even consider pissing away $12K in closing costs to refi a cash purchase you think you would resell in 3 months?

There are so many different types of commercial investments from multifamily, hotels, land banking for development, industrial, retail, triple net leasing, office.

It looks to me like one instrument is being triple reported...

I specialize in triple net properties nationwide.

So I finally got around to getting my Solo 401k established and have been looking for quality commercial property. I only have experience in multi family and residential so I have been going slow. There seems to be so...

And double and triple check them.

Your wife is confusing the Tenant being able to collect triple damages, if you do things wrong...you can't collect triple.

Here are the numbers on the office currently:Mortgage: $2,900/monthly (I would be paying this off)Property Taxes: $900/monthly (paid by tenant on triple net lease)Insurance: $585/monthly (paid by tenant on triple net lease)Sales Tax: 6% (paid by tenant on triple net lease)Reserves: $750 (I recommend keeping at least this amount aside per month)Lease Commission: 4-6% but likely 6% if working with outside broker. 6% would be another $510/monthly to account for although 50% of this payment is due upfront upon closing on the lease.Misc.: Other misc fees such as Tax prep, accounting, licenses, pest control, etc. etc. $400/monthlyAccording to my calculations, I would have outgoing costs of roughly $1700 per month and my rental income would be $8200 per month.

That properties ARV could be double or triple that if it needs a significant amount of work.

It was in Yonkers NY and people that were looking at it were mainly from The Bronx and many would say "your Bedroom is too small and we can't fit our triple dresser in here".