This usually only causes maintenance trouble down the line because the paint traps water up against the brick.Also, landscaping trim up the bushes, maybe some plantings along the bottom of the buildings.Lastly, what about a low white fence in front of the grass extending from each building to the center walkway.

Nassau taxes must be way high if Suffolk taxes are considered low to you guys!

There are many low down owner occupied mortgage programs out there.

You're paying very low interest and any refinance will likely cost more than the $20k cash out, over the long run.

The stats are: -5 stories totaling 20,000 square feet above ground, plus a full basement which is partial commercial space and partial tenant storage/utilities-First floor commercial space is around 2300 square feet with an additional 1500 in the basement, 12' ceilings in the first floor-14 residential units above, most have private balconies or decks, elevator, bike storage, mail room.

A cash on cash ROI of 6% is a little low - is that the best opportunity in your area?

Around 25 years ago, I knew someone who owned a building (shed), a few mini storage units on a lot in a town.

@Darrick Lowe FHA does allow for the purchase of an owner occupied mixed used property.

Out of curiosity, what are the low down-payment loan options available right now?

Success rates with collection agencies are extremely low, probably around 10 - 15%.In both cases, you are unlikely to get any money.