I'm 19, and am most likely trying to figure out everything you are right now as well.

If you can find the right place for commercial you can rent out part of the space to another business and end up housing your business for free.The best advise I ever got was to figure out who you want as tenants and only buy property they will rent.Commercial tenants tend to be much more professional with lots less drama but you can also end up with long vacancies which are costly.

Now I've just got to figure out how to reword my original post

I'll let you chunk on that one a bit and see if you can figure it out.

I am going to talk to my lawyer as well but I figured I would get some free legal advice from the experienced rehabbers first.

In my case, not even figuring any Appreciation (which has historically been about 3-4% over 50 years here) we project about a 15%-18% return.

Either it's priced way too high, your rent figures are wrong, or it's in a neighborhood you don't want to be in!

I'm due to touch base with my broker next week to figure out more about whats out there but thought the wiser heads on here could give me some insight before I talk to him.I purchased a quadplex at the beginning of November via conventional 30 year loan.

Running #'s below based upon that figure.$280K$56K downP&I: $1200.00$2700 Total Rents - 50% rule = $1350.00 - $1200P&I = $150We've also broken the 50% rule down further with what we believe to be more accurate numbers:TAXES: $279INSURANCE: $279 (This is estimate as I wait to hear back from ins. agent)VACANCY 10%: $270REPAIRS/CAP EXP: $162PROP MANAGEMENT 10%: $270 (We'd be managing but have this built in for the future in case we didn't want to manage)Total: $1260.00$1260 + $1200 P&I = $2460.00Total Rent: $2700-$2460 = $240 cash flow.CAP RATE 6%GRM 12CASH on CASH 5%We realize that this isn't a great performer overall.

I'm not affiliated with any seminar, guru etc and if I were you, figure out what niche you want to learn about then Google it and search for it in this forum.