Posted by Ryan Steele on September 15, 2004 at 10:16:47:
Well for mortgage purposes anything 5 units or more is considered commercial. However, just because the standard commercial loan is over 20 years, does NOT mean you can not get a loan for 30 years, or at least amortorized over 30 years. If you need help finding one of those, let me know I can point you in the right direction.
As to the depreciation, check with you local laws as each area is responsible for determining that I do believe.