Retail also has its own characteristics and needs to be reinvented every decade or so to remain rentable and competitive.Industrial too is unique and has its own strengths (easier to manage) and cons (longer vacancies).Each type of commercial is going to require a different style and application of management.You should have a light understanding of the type of CRE you would like to own as you head into the market looking for deals.Personally, I prefer industrial because it's an easier asset to manage and I have a lifetime of experience working in this asset class.That said, and as mentioned earlier, if you head into the marketplace searching for a value add situation then you might want to keep your mind open to various types of commercial property.

Get it and I assure you you'll go back to it often even with all the other great real estate books out there you will definitely come to lean on that one!

I would prefer to buy the $150k as the downpayment is less.

Say its 5-10% annual rate of return, backwards engineer the equity split or preferred rate of return.

I prefer tax defaults since I've personally found NODs and NTS are bombarded with other competition.

Anyone in the Orlando, Florida area (preferably Clermont area) interested in partnering up and starting a Bigger Pockets Networking Meetup group?...

Preferably the URL would be converted to a TinyURL that can fit into a small space (Tweet or Text).Thanks!

Prefer someone in St.

cash flow wise condo looks appealing but I read a lot about every one preferring single family homes, this is going to be my first investment, please advise.

Having said that, I still prefer the standard contract as it conforms to state law, and is designed to be fair to both parties, and covers a lot of the "what ifs" that can occur.