I would suggest reaching out to owners of multi family who have no loan on the property.

I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.

It will only appraise based on comps of similar residential properties.

Any new commercial, industrial projects nearby? 

@James SillsFrom my experience working with investors, transitioning from residential to commercial real estate (CRE) is an exciting and achievable goal with the right foundation.

This is great if you are force appreciating the property and then moving in for a year, and after selling or renting it out. 

How was the switch to commercial?

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

@Craig JonesSuper cool property!!

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