I have some residential real estate experience but nothing in commercials.

You can buy up to a 4 family and still stay in the residential mortgage side of things versus the commercial 25% down and all that jazz (5+ units).

Most lenders will not loan to an LLC as a residential loan in my experience, until you are established.

According to local Residential Tenancies Act, I can serve him a "Notice of Entry" and enter in 24 hours, regardless of whether he welcomes it.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

@Mark Pijanowski why not to residential?

Residential lease-options exceeding six months and contracts for deed were both dealt a near-death blow by changes to the Property Code made in 2005.

I was in the construction business about 30 years residential and commercial and I don't remember that was broght up by workers or the general public. 

Purchase price: $10,000 Cash invested: $100,000 Vacant residential lot.

I own/operate a family owned residential and light commercial contracting business.