Do you want to own residential, commercial, industrial?

I love residential construction, and it’s been a dream of mine to start owning property and achieving financial freedom.

Most residential sales utilize the Comparative Market Analysis approach- find lessons on that, I'm sure there are some right here on BP too....feel free to reach out for specific inquiries, I'm an open book

As of now, the current owner splits the income 50/50, residential/commercial, so the expenses for the MHP are essentially 50% (if that is right?).

We have an offer in on a mixed use property with one retail space, one residential apartment above and two office spaces.

I recommend a Post Compliance Lead Determination (PCAD) every 5 years or so.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

I am in the process of purchasing a mixed use commercial and residential building.

If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

Some areas allow residential to be used as office some do not. 

You can get some significant discount on rent and if you’re looking for commercial there are deals to be made but not residential..