Corporate travel, divorce, etc. are other potential tenants.If costs in your market allow, I would encourage a duplex purchase vs SF...potentially 2 income streams vs 1 would help offset the extra cost of a duplex.  

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Courts are loathed to allow someone to lose title to real property for failure to pay property taxes and will readily set aside tax deeds for cause. 

There are also ways/lenders that will allow you to transfer ownership of the property within an LLC simultaneously/concurrently with closing on the refinance. 

Do you plan on self managing or hiring a property management team?

The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.  

@Rhia MckissicIn my PM agreement I allow the PM to sign the lease but it still requires my approval

TIA all opinions welcome I’d start with talking to the planning department of that municipality to see what the property is zoned for and what the allowed uses are in that zoning. 

The eXp model completely changes what it means to be a team leader, and how to build a team.

As I'm sure you know, especially when you're getting started out, having the right team members in place will help to round out any knowledge/experience items that you may need support on.