What should I be looking for in AZ here are my situation
I work full time and manage 5 single family rental so the less work the better for me.

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I have \~ 500k cash, will a bank loan me 1.5mil to purchase a commercial property ? if yes can I put this property in an LLC ?

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what type of commercial property should I be looking for ?  I want less maintenance and cash flow.  I am in AZ phx, tempe, mesa, chandler

I am thinking of looking for restaurant, automotive repairs chain, big box name ?

since I want less maintenance should I aim for NNN lease ?  is there something in between that will offload a lot of work for me ? 

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so if I buy something like 2mil NNN with 6% cap rate, will return me 120k per year - 1.5mil ( est 5% loan )  \~ 75k  =    45k in postive cash flow per year passive income.

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are these situation do-able ?

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I have exp in residential renting, but none in commercial
[{"id": "fn424kr", "text": "Typical commercial lender won't give you a single loan for more than your net worth.  They also would prefer to see experience.  \n\nMaybe start at a 500,000 property and a 350,000 loan.  \n\nI think a 6 cap is possible.", "replies": [{"id": "fn43onw", "text": "how do they determine my net worth ?\n\ni submit my 401k, properties I own, stock accounts, etc etc?", "replies": [{"id": "fn44qea", "text": "Yes, they\u2019ll ask you to fill out a personal financial statement which shows all your assets and liabilities.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fn51uea", "text": "A loan of 60%-65% is definitely achievable.  \n\nYou want Absolute NNN lease which means that the tenant not only pays for the usual maintenance but the capital items as well.  As a note this is hard to achieve and usually only found in build to suit or sale lease back scenarios.  \n\nYou are looking for a single tenant with a long term.  Gas stations, corporate backed retail, self storage, industrial/warehouse, data centers, etc.  \n\nUpside is that these are pretty low touch but the downside is you take on more risk when the leases roll because with only a single tenant if they leave obviously so does your revenue.  The other consideration with these types of investments is what your goal is.  If you want an asset that will appreciate slowly but produces decent cash flow then this is it.  You need to factor that for a commercial buyer the property is most valuable right after you sign a new lease.  \n\nGood places to looks are Loopnet and Crexi. \n\nMy only additional piece of advice, and I can\u2019t stress this enough, find a good commercial real estate attorney. Not a family law that does CRE not a residential attorney that has done CRE find an attorney that ONLY does come CRE.  They will not be cheap but having them draft your lease and look over the purchase contracts and closing docs is invaluable.  They will save you multiples of whatever you pay them.  \n\nBest of luck!!!", "replies": [], "depth": 1}, {"id": "fn555na", "text": "Hi, I am here in Desert Ridge.  I have 28 multifamily units, I just make sure the buy price holds the management expense.  GF works in the company, and I don't micromanage so it's just an expense review each month.  \n\nI am waiting till 3rd quarter to get more.  Only 1 deliquent this month.  Has to get worse.  \n\nI know nothing of retail, but office is questionable because of partial work from home new habits, and once again nothing is Amazon proof.  \n\nI would wait for a vaccine for general retail.  \n\nNo coliving now either.\n\nMaybe a hotel rezoning to Multifamily, but I am not on that level.  \n\nI would just make my own management company or hire an assistant and do this if I didn't trust my current management company. \n\nSo I never deal with tenants or maintenance calls directly, and had an \"oh shit\" budget on each property and 2 years living expenses, I appear to seem like a genius but it was just a strategy I picked up over a podcast.  \n\nMarcus and Millichap has in my opinion the best reports, if you are set on retail then I would recommend listening to their stuff.\n\nSorry, just realized I was in commercial RE, I AM just bored and saying hi then.", "replies": [{"id": "fnfh23w", "text": "The office market is going to be completely different after all is said and done. Think the biggest risks are from the likes of WeWork and other Coworking groups that are going to slash everything. Then pour the work from home stuff on top of everything and the market is going to go soft.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fnffkyf", "text": "Phoenix broker here. Please hold off on retail options as of right now with the possible exclusion of NNN options. The market for these is extremely fluid due to all of the forbearance requests. My understanding in speaking to lenders is that lending for multi-tenant retail deals financing is going to be very difficult. If you absolutely had to do something I would recommend Industrial options.  DM me and I can run a report on what is currently available as well as put you in touch with local lenders to walk you through what is possible. Many are overwhelmed with the PPP loan requests right now so they will be slower.", "replies": [], "depth": 1}]