I’m looking for a commercial property for my business (non-real estate related).Just took a few loans for another business I opened and a rental property and I would rather not get a loan right now for a few reasons (1.

Cleaning up the place seems to be the best.So is the only reason people do all these fixups is because they can't sell the places 'as is' ?

I do also see non-recourse frequently (no personal guarantee) but only on very large commercial deals and even then only a portion of those notes are non-recourse most of the time.

I just wrote an article about this very topichttps://www.biggerpockets.com/blogs/10191/67979-po...A true return of investor capital through a refi is a non-taxable event.

It does provide a clean definition.  

So I do not want to put carpet in as the floors will be much harder to clean. 

If our LLC saves one law suit based on appearance then that is bonus as our LLC is not structured to provide real asset protection.In summary, do your research on what is required to have the LLC provide asset protection (such as having the properties owned by the LLC and issues purchasing non-commercial in an LLC and risk to loan in transferring a property to an LLC) as well as the CA requirements limits on the use of OOS LLCs.Good luck

Then go get commercial or portfolio financing on these from either a local community bank, or credit union or a specialized Non-QM lender that loan to the entity on a longer term, but with higher rates?

If you can get the small multi-family, I'd consider starting out with a conventional mortgage at 5% (when I bought my place, that was the minimum for a conventional non-FHA loan, which gave me a much better interest rate than an FHA - since I had the capital, that was a better option for me).

IRA - SELF DIRECTED□Do you have a self directed IRA that you can utilize for non-traditional IRA investments, including appropriate real estate investments?