It highly depends on the type of loan and lender.

I have been working with DVG Realty and they have been great so far and I know they are capable of handling any type of tenant.

The fact I didn’t get any other documents for this is leading me to think it may be a scam.Has anyone worked with them before?

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

Common types of renovations that can reduce your tax liability are adding new bedrooms, bathrooms, etc.; remodeling an existing space; replacing or adding AC, flooring, insulation, roofing, etc. 

It would depend on laws in your municipality, but if you are going to allow pets in your unit, here are a few thoughts: are you going to have a size/weight restriction, and possibly a restriction on breed type? 

Hi James,We at Aslan do these types of mortgages, however there are some limitations for most lenders.For FHA, VA, and Conventional Energy Efficient Mortgages the property must be occupied as the borrower's primary residence, so they are not eligible for investment properties.

What made you interested in investing in this type of deal?

Or any other type of real estate used for investment. 

The rate will depend on the type of loan, LTV, credit, and occupancy.