I bought a gorgeous condo in a converted building - some shady developer put lipstick on a pig, it was leaking and rotting under that beautiful, freshly painted siding.

While i have never personally managed a property i did work at a company handling property management like tasks for a 186 unit development project while he was building it and got a great crash course while i was there.The main reason that I would like to do commercial is because having a rather large goal of 1000 rental units by the time that I am 40 years old which would be in 12 years from now. 

I figure it will cost around 800k dollars when finished with development.

You only need two things... a good, cost effective Contractor... and a good exit strategy.The exit strategy can be self-marketing, developing a relationship with a Realtor... whatever it takes to turn the property.

I love what I do, and working with clients over time developed my own tools and recently realized it would do a greater good by sharing these than just reserving them for my clients.

., EU and many parts of Asia Pacific are spending gains from rising incomes, low interest rates and low oil prices, which should support GDP growth.Rents | In 2016, global prime rents across the three major property types—office, industrial and retail—are expected to grow 2.2% on an annual basis, according to estimates from CBRE’s Global Rent Index.Capital Markets | Global commercial real estate investment markets are expected to remain active in 2016, but the pace of growth is anticipated to slow after six years of recovery and price appreciation.Office | Most U.S. and European office markets are expected to tighten further in 2016 as demand for space is expected to outpace limited new development.

Commercial encompasses large multifamily buildings, hotels, industrial, office, retail, development, self storage,etc.All of us that are commercial brokers specialize in an asset class and deal size range.If you are looking for larger multifamily or retail STNL or MTNL product it's all I do.

I would frame things around that, I have bought infill lots to sell to home builders or develop myself, and often end up selling these to neighboring property owners with great deals for them while still making great returns, i bought a lot last year for $150 just sold for $550.

I am looking forward to learning even more from the BP site but more so from this amazing community.I currently work for a non-profit with a focus on health and wellness, youth development and social responsibility.  

Your question is a very important one, as finding great deals is way more than half the battle for successful real estate investment, IMO.At their core, most strategies seem to be to focus your acquisition targets and process to either eliminate as much competition as possible while still acquiring quality properties and/or by developing and leveraging a competitive advantage.