So we are looking at buying a commercial building for our business and I have a few questions.If we buy the building and then are renting it out, the new valuation for refinance will be based on the NOI correct?

It is not paid out on a calendar deadline but on when certain goal posts on the building are met. 

This particular build is not to a very high standard.

I bought a 3 unit up-down building about 1.5 years ago.

Better cash flowing choices may not be preferred living for a year or two and a higher quality building might be to expensive, and you are now covering part of your mortgage.

What you're referring to is the fact that 70% of the owners have to agree to it in a condo building.

Pocket doors are the worst invention in home building and design (that was me with my Architects hat on)

Hi All,I was able to find a seller that is looking to offload a whole portfolio in the Cincinnati area of multi family buildings (80 doors in total, 8 buildings from triplex to 25 units) it's all off market and all units look to be in good condition but dated (baths/kitchen) so great value add properties.I have NO experience with commercial buildings or Syndication of this proportions , he wants $7.5M for the whole portfolio. 

Yes, always build in some cost overrun into your budget.

Are people getting spooked out of older buildings / concerned about huge assessments?