Tommorow I am going to visit my first commercial property 4 apartments, 1 retail space and additional revenue from billboards and a future cell tower (I need to get details on this) I am not sure I want a cell tower on my building from a safety and health standpoint?

Not sure if this is typical or not.My plan is to hold for about 5 years and then sell and upgrade.Anyway here are the numbers:Purchase price: $170,000 (85k for each quad) ARV I estimate $240kLoan is commercial 15% down 20yrMonthly Income: $4,000Monthly expenses: $3,087 (I estimate 5% vacany 8% repairs 8% capex, etc.)Cashflow: $912Cash needed: $59,000/this includes the 30k for HVAC as stated above.

I was just talking with a commercial lender about some qualifications for purchasing a commercial investment.

I would provide approximately $350K of financing through a commercial loan.  

If I do NOO hard money, could I refi into a stated income commercial (land lord) loan in order to get renters into the property and hold it long term?

Primarily a commercial property investor, but recently got into residential properties with 2 sfh rentals.I'm negotiating with an owner of 7 condos, part of a 30 unit complex.

Keep a tenant information sheet for each unit that includes the names of the occupants, vehicle descriptions and pet/animal descriptions.  

Most of the alternatives are only available for commercial properties. 

NelsonVice President of Commercial LendingPeoples Bank

To give you a slightly different perspective Grant, I'm in Southeast Mass. and have been buying and hold in multis of commercial size 5+ units.