In a couple years this will be a very sought for area(if it’s not already) that developers are planning to build a complex worth of restaurants, shopping centers, a hotel and more.

@Jason King do your do diligence and shop around compare brokers.

I shopped around, but ended up going with AllState.

Here is some important information32 UnitsClass C property in a B neighborhoodA block from nice shopping, restaurants, etc.Original owner held since building in the '60's, recently passedOwner's daughter is out of state, with no experience in real estate (she is a lawyer though, so not clueless)Expenses appear very high (reported 75%)Many tenants who havent had rents raised in 5-10 yearsRents sit around $0.73/SF, there appears to be room to take them to $1Here are where things get interesting:Reported FinancialsGPI $222,000Expenses $152, 327NOI 44, 646Based on the expenses, I am comfortable saying that I could remove some, (for example, they are paying 2 management companies, one of which is family owned, I believe to reduce taxes).  

Brokers (not agents) can shop around to find you the best deal to meet your needs, however not all brokers are the same... hence the reason I suggest speaking to 2-3.

Hi @Major Robertson I would suggest shopping around for a mortgage company.

Im in the car typing this as my wife is Christmas shopping on North and Clybourn (I do mine on Amazon).

Personally, I HATE the fact that we live under a regulatory environment in which a guy with a good investment or business idea can't shop it to some people and obtain risk capital without worrying about arcane issues of compliance and disclosure written into law 80 years ago when the world was a different place.  

And find a Realtor who is investor friendly, when you do go shopping for property.  

Finally, if anybody knows commercial lenders that offer competitive rates for long term rental property financing in Florida, please PM me as I´m shopping around for one!