I’m currently reviewing a fully occupied mixed-use commercial building with 8 SRO (Single Room Occupancy) units but have never dealt with this type of property before.

this is what i have so far: the sell price is around 300,000 (under), I'll be proposing 10,000 down, 30 year loan with a ballon payment of 7 years, 4% interest, $800/monthly payment to seller. 

Hi there, Is there any chance you can pass on your property manager info?

Hi Dani,If what you want is to acquire some real estate, I would recommend using that equity as a down payment for a property that needs to be rehabbed.

As an added bonus tenants like to complain about what is wrong with a property, and sometimes the landlord doesn't know about the things they mention especially if they are long distance and have a PM.

It represents the number of months it would take to sell all homes currently on the market at the current pace of sales.

You should wait until you see 5 to refinance in my opinion and use your income, which must be good, to work on an investment property.

if you only have enough for one project at a time, and that project goes south... you're taking the property back and trying to sell it.

I found all sorts of things to reference for an eviction including excessive damage to the property, signs of an animal, lack of yard maintenance, oil spill on driveway, smoke detectors removed, the unit smelled of smoke, appliances that came with the unit moved off site ect... 

Whenever you close on a property, one of the first things that should be done is to check for a leaky toilet and replace it.