Recently sold all my residential properties and looking at my first commercial with 6ish units. My only experience is with the residential house/duplex type and wondering if there are any watch outs or significant differences when stepping into the commercial side oo a small building. Looking at maybe a 6-8 unit building or large multi family style property but its zoned commercial. I've heard that insurance, financing, taxes, etc are all much higher. Is there anything else on the commercial side I should be aware of or any unique clauses to put in an offer if I decide to move forward? I'm used to the 20% down, assuming tenants type of stuff but never ventured into the commercial side and thought I'd ask before getting too deep.
Appreciate any thoughts or ideas
Appreciate any thoughts or ideas