If you're looking to get your feet wet with commercial real estate, my suggestion would be to start with a single tenant NNN investment. NNN means that the tenant takes care of the taxes on the real estate, any maintenance of the building, and all insurance costs. The idea behind this type of investment is to require the least amount of work for the landlord. The return on your money is less than other investments, but depending on the tenant, you largely will not have to worry about vacancy rates, or re- tenanting your building for at least the term of the lease.
Give me a call if you have any questions or would like help searching for investments of this type.
Jim Ritter, Vice President
Investment Realty Advisors, Inc.
Government Properties Division
2040 31st St.
San Diego, CA 92104
Nov 3, 2008