I would be very careful commercial in small towns can stay vacant for EVER and a Day.just drive through any small town between Dallas and New mexico.. look down the main street.. nice brick buildings 90% vacant then on the outskirts of town a walmart and the associated fast food joints..the resi might work.. and maybe you change the commerical to cheap storage but put NO value in its cash flow would be my advice unless there is some compelling reason you think those would be leased.. if there was demand they would not be vacant would be my thought

And my main driver an investment is what CoC return is.Now with that said, I have started to look at more investments with a lower CoC (as I have more financial capacity now) and a higher IRR.

@Allan Yau still doesn't work, maybe it is blocked for potential virus purposes.

My business partner is a real estate agent who is also new to the investing side of real estate, and we are mainly interested in buy-and-hold for multifamily properties in central/south Jersey.

I want to make sure we create the best legal entity for protection and tax purposes.

The purpose of this clause is to protect the staff and other residents.I called in a domestic disturbance last year when a couple got into a loud argument in the parking lot (one asked me to call the police and the other said there was no need to do so -- I let the experts sort it out).

After deciding that real estate (specifically residential multi-family rentals for cash flow purposes) was the niche I wanted to focus on, I started volunteering after my day job at a real estate private equity start up here in Austin. 

The MAIN goal is to make at least 100k a year.

I claim “Real estate professional status” for tax purposes. 

@Jared Forman Are you mainly looking for market deals or off market deals?