@Lee Burns, I did not end up investing through Fundrise.

C3 zoning in Atlanta is considered "commercial-residential" so there's nothing an underwriter would have heart burn over.Once you own the building and the land next to it, your use, unless specified in your mortgage note (or unless it's illegal like a brothel or a meth lab) is up to you. 

Here's a summary of the economics.They purchased the property for $280,000 in 2004.The loan balance is about $178k.Monthly principal and interest payment is about $1,265 with $709 currently going to interestProperty taxes are $4,116 annually and insurance is $1,000.Currently the house is vacant for the sale so there's no rental income.Therefore, the monthly burn is -$1,135 (ouch).For the sale:Property was originally listed at $335k and they received 0 offers at that price. 

Nearly half of the complex was burned down from a fire about a year ago.

Addressing the problems is like trying to put out small individual fires in a forest that is burning.

Hey, @Cassidy Burns, sure you can over negotiate.

@Cassidy Burns are you still looking for one?

Bob Burns

Hi,I'm a single mom with a six month old baby. I have 80-100k of equity in my house I can easily pull out. My plan is to stay home with  my child to raise her. I can't get a new mortgage being I am currently unemploye...

Of the business I get from bigger pockets, a significant amount is from people that just got burned and lost their $20,000 earnest money deposit after failing to close on a house.