Hello All,  I am out shopping for an affordable property insurance for a 27 unit gated complex in Austin Texas.I have owned it close to 10 years with zero loss runs and 0 claims.

Your mileage may vary depending on your assumptions on expenses, capital reserves, etc. 

That for me would include capital expenditures.

For me, I am trying to minimize risk by saving some of my cash for operating capital. 

That monthly loss is preventing me from paying off one of the other properties faster.

I have assets of my own, but what I lack is capital to purchase that first property.

Yes, I’d like to start with some wholesaling and then work on getting capital together for a flip or two.

Also, with a C-corp you have the ability to raise capital more easily through sale of stock to shareholders (including public).

Personally I would do the cosmetic improvements and sell it now while it is vacant.Since you have $150K in equity with a opportunity value of a minimum 10% return although you may be saving the mortgage interest amounting of $625 per month you are losing $1250/month based on opportunity value for a net loss of $625/month.

The difference in equity is a lot to you, but depending on how the capital structure of the lender looks, it's just not worth the extra work to maximize this deal.That said, why bother using commercial at all?