Potential Investment Advice

[Marco Rodriguez]

I have some experience with 3 buy-hold SFH and want to take a bigger step into commercial and/or MFR.

I would appreciate some opinions on evaluating this deal:

Property with 3 older, run-down houses which contains a total of 5 rentals units generating $3,500 monthly rental income. Land is a corner lot 0.64 acres and has been approved for multi-use by the city. Lot is blocks away from a university.  Annual taxes are about $5,500.

I have so many questions but here are some of the most pressing:

- What is a reasonable expectation of mortgage LTV amount and interest rate?

- What other considerations should I think about?

Thanks in advance for your help.