On the other hand, if you and your partner both have your roles and responsibilities clearly defined in the operating agreement of your LLC, it may be a good idea to invest as that LLC.

So, on a broad scale it is easy to say "the East Coast or Florida is over saturated" (true statement), it does not mean there are areas under served (also a true statement). 

Define "commercial property" . . . 

The only drawback is that it has a broad scope.

@Jonathan Beaumont, don't guestimate, try the homedepot project calculator https://www.homedepot.com/c/pr... or at  higher level, the Cost vs value calculator might give you a broad idea https://www.remodeling.hw.net/... 

Define your goal and criteria and buy below FMV. 

Hi @Gregory Johnson, This is a really broad question. 

How is market value defined?

Building systems is all about defining, documenting and executing the actions required to deliver your product, in your case a beautifully rehabbed home, to the marketplace.So, for example, let's say there's a certain way you walk through a house that you're considering purchasing.

With current interest rates, I would def do 20% downAs Joe mentioned to answer your question, its not an either or scenario with these two different metrics, but I think you're not looking broadly enough and maximizing your returns should be the focus.What strategy will get you the best returns (cash flow, equity paydown, appreciation) for the capital invested.