You have come to the right place to begin your investing journey.Have you looked into attending local meetings and joining Facebook groups?

Looks like you are going to profit $150K after commission and closing costs.Sounds like a good deal.If you think the multi-family duplexes are going to bring the price down.

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

The seller told the tenant I'm an insurance agent so not to reveal the potential sale.

Thanks, @Derek Brickley - the houses that we used seller finance and private money are in my personal name. - The commercial property is in an LLC, we get K-1s from the LLCs taxes every year showing that the LLC pays for the expense and is cashflow positive; except for the deprecation we take :) I plan on buying a new primary residence in the next 1-2 years and want to know if I need to have the commercial loan adjusted so that its no longer personally guaranteed.

I am just getting started and only have a couple units at the moment.

Not just "commission" but the underwriters, processors, the company as a whole is forced to repay everything. 

Hello and welcome to BP.  

I would argue that the premium is valid due to the value I added to the property by getting the legal structure and agreements in place, then finding like-minded buyers.I'm looking for people to poke holes in my logic.