I'd love to find a mentorship but I think it may be difficult considering I'm between two different markets.

If I come across anything difficult ill ask, since I'm a newbie to RE.

I don't like it.It's built in 1969 which has it's own issues.7.1 cap rate on that age of property is weak.

But when I looked at the incredible opportunity we have right now in this market, I decided I wanted to buy up all these undervalued pieces of commercial real estate that are becoming available, and I wanted to buy them all RIGHT NOW, while this small window of opportunity is still open.Besides, when you have cash (a syndicate) you can buy commercial properties for pennies on the dollar from banks and sellers - especially those that have a low or 0% cap rate, and are unfinanceable.

If going with conventional financing, a lot of banks still cap it at 4, too.

I know it may seem crazy, but I'm just wondering if the wallpaper doesn't come down easily (which I bet it won't because it appears to have been there a while) how difficult it will be to fix the walls.

I will keep it in mind.Jacob, I am also finding it difficult to purchase property as the rental prices do not justify the asking prices.

Just keep in mind that finding money for a good deal is not difficult and your costs of financing are heavily outweighed by the opportunity costs lost by not doing it faster and investing in more.

In that price range, I would probably put gas in if it wouldn't be too difficult/expensive to do so.

Unless you have some fairly ignorant buyers, it's difficult to wholesale off the MLS, as everyone else is already looking at them, and most will have resale time restrictions.