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Pros
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Tenants usually sign multi-year leases (in our case all 5 years)
Stable income and usually less of a headache than residential tennants
Tenants pay part of taxes and upkeep of building
Cons
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Usually need 25% down (where I live) to acquire a commercial property
High property taxes
With some tenants they want rennovations done (sometimes at your cost)
Multi-year leases (sometimes hard to break)
I am a big fan of commercial properties personally and own several of them. They are much less of headaches than some of our residential apartment buildings.
DH
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