I’ve seen situations like this before..one old friend of mine in Austin had a few industrial buildings where the cash flow was decent but not dazzling, and he was itching for a way to ramp things up.

I do NOT think having an operating LLC located in a different state than the ones owned is overkill. 

Even if city looses, they'll probably make things difficult on operators with all kinds of rules and regs like many other cities. 

Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.

Mine was next day.

I may be 19 but that does not have any factor in how I efficiently operate my business, as you can see.

It just might be a different strategy involved.Cash flows through refinance or sale or operating cash flow is the same in my book.  

A buddy of mine, who’d been eyeballing a small multi-unit in Tucson recently, nearly forgot to factor in the HOA’s special assessment fee.

Mine says "100% disposition.

And some of mine are in the hood where I wouldn’t feel safe walking around at night. lol.