5plex seems great, but terrified!
I have found a 5plex about 2 and a half hours away from me. It looks to be in amazing condition with little need for renovation. I do believe I could add value with very light cosmetic upgrades and a central HVAC system which a have a good friend willing to do at a great price. The price is right for me and the numbers seem to work every way I spin them. But that's the problem... I found it on the MLS and it makes me concerned it is too good to be true. It would be my first investment and my 1st commercial loan. I'm looking for any and all advice here! I'm terrified of making a huge mistake, but equally terrified to pass on an amazing deal that could get me in the game! Looking for any and all advice here! Thanks everyone!