As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

Some specifics about the unitsAll 8 units are adjacent to each other in a row.

Success in the real estate industry requires a strong team.To comprehend the characteristics of your target location, go out in-depth market research.

I am in Texas so currently there is not a lot of regulation or need to be licensed here, but rules vary by state as noted above.

I'd work with a lender to get your credit up so you can qualify for a conventional loan. are there any specific type of lenders i should work with to get my credit up?

With its strategic location, robust economy, and diverse industries, Mobile offers a promising landscape for investors seeking opportunities in commercial properties.**1.

Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon.

I'm monitoring the rental situation on Zillow, specifically in my focus zipcodes.

A more retail oriented user will have different requirements than industrial vs warehouse vs trades contractor etc.

It may be beneficial to consult with a contractor and real estate professional to assess the best option for your specific situation.