Want to see where rates are going to go.Building StatsBuilding Type: Light Industrial building with good roof, large laydown land surrounding the building (good for big equipment and trucks) and a brand new fence encircling the property.

But just letting you know I am in a nearly identical position.

@Joseph Dimaria Trusts are designed to conceal the identity of the beneficiary.  

And the units are identical.  

I have wanted to buy something in this neighborhood for a long time.I have networked with someone who is recommending setting this up as a rooming house, no leases but billed monthly (not weekly).Here's how it pencils out:Purchase price: $100,000 // +$5,000 for conventional mortgage closing(An identical duplex on the same street recently sold for $123,000)Initial renovations: $5,000Rent:$500 x 8 = $4,000/monthIncome - Coin Laundry:$200/monthTotal income:$4,200Monthly Expense Breakdown:Debt service: $800 (P/I/T/I)Management: $400Repairs: $400Capex savings: $400Gas: $150Electric: $150Water: $150Internet/Cable: $150Vacancy: $750 (planning on 1-2 rooms empty a month)Total monthly expense:TOTAL: $3,350Cash flow:TOTAL: $8,500QUESTIONS:1) Do these numbers seem conservative?

You have to go to court, get an order, have it served and after a set period of time when they are physically removed from the property, you can change the locks.In many places, if the commercial tenant misses even one payment, you can change the lock and take possession of all the fixtures and chattel present (note: Any leased equipment stays the possession of the leasing company).Commercial is much less regulated then residential and is much more of a contract / tort relationship.

I am going to go up to Brandon's studio in the next 90 days hopefully if its OK with Brandon and just use his equipment. 

. - the word "conditional" ;)You establish the conditions under which the release is to be executed; one condition is that your new buyer and the seller enter into an agreement identical to that which was originally in place (except for the name of purchaser of course), another condition being the amount of compensation of course. 

FWIW:  The reason I'm interested in this unit is because I already own an identical unit in the same building. 

@Wilson Tang I would need a bunch of research if I am going to gamble 100k, it is good to equip yourself vs believe what others say.