Hi @Shital ThakkarI am a real estate developer here in the DFW area, I'm in the process of moving into the commercial space myself.

A couple of things to think about and look into: is your current rental property "seasoned"?

After 13 (very long) years, we're heading back to to re-connect with old friends/associates, expand community development initiates and invest in new alliances/partnerships. 

There is no seasoning.  

About 8 years ago, I jumped off the deep end and started a few successful companies (marketing, web & hardware development, event management, and a couple others).

This research includes speaking with realtors and locals, reading reports, and identifying commercial development in these areas. 

This is in the Texas market.Brent,The loans I'm alluding to that are in the 7's are from alternative lenders with no income verification, no seasoning on title and in an LLC.

I want to potentially become an affordable housing developer.

Then, after the refinance seasoning period is up in a year we'll cash out refinance on our 4-Plex and then use the other VA Home Loan we have and repeat the process in 2 years we will have 8 units, 3 years 16 Units, 4 years 24 Units, 5 years, 50 Units.

He got a investor lined up who seems very interested in buying into(Capstone Property Management) and he is working with a local developer from charlotte(Capsigna Builders) to get his quote/costs.Thanks a lot in advance!