@Justin Kurpius although we plan on holding it long term, we are primarily focused on cash flow.

 I'm looking for some recommendations on lenders in Jax that could help me with a refi in the future as well as some repped general contractors.

-Justin

The reason I pose this question is don't want to buy more than I need.I recently ordered paint for my business and had a Sherman William's rep come measure and give me an estimate of what I needed.

Thanks for the suggestion @Justin G, I will read it. 

@Justin HannahThanks for the reply Justin!

I found a 5 unit mixed property today for $100k that brings in $1850/mo just in the 3 upstairs apt's.

@Sam Bromano, I would recommend that you get as long as a term as you can get in regards to your debt, just in case you can't refi (minimizing your risk).

You will have tenant improvement costs, typically free first few months rent on occupancy, attorney legal fees to negotiate the lease ( property management company usually just does LOI), tenant rep broker commissions for bringing the tenant to your center,etc.   

But i am padding additional 8-10weeks on my holding costs estimate just in case.