It goes something like this.You find a commercial property for sale in a good location that’s currently vacant (so that you’re not paying for current cash flow) and that has an assumable mortgage at a relatively low rate.

I would consider cash-out, refinancing the deal, and buying out your brother-in-law.

Once the 5 years runs out you'll only be able to offset your cash flow with mortgage interest?

No investor cash paybackNext build I will infuse about 50K cash working on construction loan.  

-you likely won't cash flow at all when you refinance, and you might even be negative. 

What is your actual average cash flow now?

Therefore, I think I'll be placing heavier emphasis on cash flow markets.

A friend/relative that has either cash or equity that would lend it to for 6-8%?

The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.

. ~1.1 M in cash).What is the best time to buy the replacement property?