It can be a more stable rental.It depends upon what you think commercial market value is.

Hi Karim, what markets are you interested in?

Work with a broker that can shop the market for you and your particular situation(s).  

Real estate prices and construction costs vary significantly by location, thus, it could make sense depending on the market your planning on building in. 

This one was rent ready but I did purchase under market value to capture some instant equity What was the outcome?

I'd find off-market deals, do some cosmetic updates, and then refinance. 

Is the unit rented at market rate? 

Marketing, management, deal underwriting are all very different. 

Cleveland can be a tricky market because you can be in a good zip code but in a bad neighborhood. 

I work for a brokerage company called Aurumy's where we get a ton of off and on market properties that need flipped or make good rentals.I'm also a licensed agent so I would love to connect with more agents in the area!