For tax purposes, commercial real estate is classified as investment and/or income property. It is used to generate a profit. There are four common categories:* Retail: includes hotels, malls, shopping centers, and medical centers* Office: includes office buildings* Industrial: includes farm land, industrial properties, and garages* Multifamily housing: includes all-type developmentsThere are three important steps to consider when preparing to purchase commercial real estate:Step #1: Develop a Goal and a Market PlanSearching for commercial real estate can be a laborious task. Therefore, know the type of property you want to purchase. For example, before searching for an apartment building to either invest in or purchase, study the real estate market to determine the price you are willing t