You need boots on the ground to drive by a property and see if the street and block is ready for improvement.

The biggest advantage in paying these off will be improving your debt to income ratio. 

I was researching how to calculate depreciation on my first duplex that I bought and I was browsing through the county assessor website and noticed that my land value is $250k and the improvement value is $28k.

Because my husband cannot walk very well, and he is very slow to do anything, when he has enough energy to do anything, I had to clean out our two car garage of all his tools and all the stuff in it, as well as pack all our stuff in the house, and I worked day and night.Had to call for a special pickup for all the junk that we had to throw away, that I alone had to haul out to the curb by myself. 

First of all great work and much respect trying to improve yourself.

You then use the money to pay for commercial attorney fees for lease termination and settlement, tenant leasing broker fees to find new tenant, lost downtime rent until released and occupied by new tenant, commercial attorney new tenant lease negotiations, and any tenant improvements credit tenant is seeking.You also need to check the rent history of the property for businesses for environmental issues.If this tenant is paying close to market rent and weak net worth then that can be very high risk.No legal advice given. 

You have the advantage of efficient and spacious living but also minimalist. $250k is a nice hanger and for a commercial space , really , not that bad.

Buy a 2-4 plex, and rent out the other units, or what my Brother did: converted part of his house to an efficiency and AirBnBs it to pay his mortgage.

I look at the HOA as a big brother who generally want to improve the condo complex and are thankful to see someone improving the units.

You won’t find the perfect team on the first one but you’ll get started and you’ll refine and improve as you go.