Thanks in advance.Fannie Mae & Freddie Mac are out because they both require mixed use properties to be a one unit dwelling.

If you do cash out refinance it would allow to only get to 75% LTV around the high 7s with some points, they would still require to be 1st position.

Thank you  @Jamal L. those are very normal terms and requests when negotiating commercial leases that require tenant improvements.

I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?

Yes they are required to clean up immediately after use

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

@Alexandra BermanMost conventional financing requires the property to be insurable (livable).

@Ashish Acharya, @Basit Siddiqi, @Natalie KolodijThought that a single member LLC doesn't require a separate return and everything flows through to the 1040 Schedule E?

He encourages investors to continually educate themselves, consult with professionals, and leverage technology to stay ahead in the market.ConclusionNavigating the real estate market for long-term investment success requires a deep understanding of various factors, including market trends, property management, and economic indicators.