Btw, the seller hasn't expressed interest in seller financing (I only made him an offer that would make sense for me to buy & rehab) but I just want to get "practice" thinking of more ways to make offers.

Especially for active members of single member or family member entities and the back door issues of the company being an asset owned by these individuals.The very best way to limit your liability is through good management, operational practices and keeping properties in good, safe conditions.

I am also in negotiations with the adjoining condo unit to purchase their unit so that I can combine the two units and lease the combined space to a medical practice that wants to do a long-term (7-year) lease.

It gives a very practical meaning to the idea of making a class C apartment "clean and functional".

I want to grow and expand my knowledge and practical experience in Commercial Real-Estate, and look forward to sharing -helping others to avoid some of the "pitfalls" Ive experienced, as you know there in not a "manual" on how to do this.

There's problems of an org offering a list of mentors to it's members in liability and the practicality of figuring out a business model that a mentor would agree to.

Not practical to account for all possible scenarios?

A C-class property here, with some deferred maintenance, you can find for 45 - 55K per unit.Now, there are places in rust belt, through Chicago and Milwaukee where you can find multi-unit buildings running <50K/unit ... some as low as 20K/unit, but you will really need to know the area, the clientele, and the building to know if it is a "deal" or merely cheap.But, knowledge and practice will give you a deeper understanding of the numbers and how they dance together.

You will learn more of the day to day practical knowledge, people ask questions you wouldn't have thought of and you can make some contacts.

If this is in an expensive neighborhood renting may not be that practical.