I'm from the Saratoga, NY Capital Region area, but have spent the last four years living and working in Brooklyn, NY where I have been a teacher and instructional leader in a charter school.

You are close by but give some thought to if you are going to be on call 24/7.We went with a Commercial loan through a regional bank and was able to put less down than some of the national banks were requiring.As I said we have been happy and knowing people in the community made it easier to find renters than hanging a "For Rent" sing on the fence.Good luck!

Or, more accurately, when I inquired about their rates they were extremely high compared to the 2 quotes the regional bank was able to obtain.  

@Kevin Lefeuvre I too don't quite get the disconnect between specific regions within LA County. 

That depends on who the tenant is national,regional, or mom and pop and if they are freestanding STNL or inline MTNL space.If inline the spot they are wanting matters.Generally the owner wants to control the interior TI for the quality of the build.

., if you’re looking to take a more passive role in your real estate and want the benefits of diversification there are funds available to accredited investors that are designed to allow investors the opportunity for ownership of institutional investment grade property outside of CA that is occupied by regional, national, and Fortune 500 credited companies. 

You wouldn't know it from the official TRID paperwork, but that's actually regional.

NNN retail for a national tenant can be a 5 cap whereas a regional tenant can be a 9 cap.(3) If someone is selling a commercial office building (for example) and has a 5 year renewal with the current tenant, why would they be selling if it's such a good deal?

The bank required this since they were purchased as rental property.Some of the varying answers could be regional differences.

Think about a theme that will make your home special--it could be decor from a specific decade, a sport or a type of region (Beach House, Countryside, etc.).