It is a TurnKey mixed use building with 1 commercial unit with USPS as the tenant since 2008, and 3 apartments filled with long term tenants.

(this was after we had closed on the property) This was a bank commercial loan. 

Hello Bigger Pockets Community,I'm an investor with experience in commercial and industrial spaces, now moving into residential land development in Georgia and the Carolinas, focusing on large tracts up to 100 acres.

Even if you buy the right property, managing the rental and tenants can literally destroy your finances, sanity, health, family life, etc.Keep educating yourself and keep trying!

As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.  

I would have a written agreement as to all terms of the deal, who makes payments, who is manager, who gets profit, who gets paid and how, etc. 

Location, professional photos, great management.

I could probably rent it for $750-$1000 per month over what the standard monthly costs are right now (not including vacancy, maintenance, management company, etc).

HIWe are negotiating with a new commercial management company and they do things differently that others ive worked with.

I'd try to find a property manager that can help you keep an eye on it and let it appreciate.