But I've found that the two other most important things that help when meeting a new commercial banker are 1) A personal financial statement which is essentially a personal balance sheet listing all of your Assets and Liabilities and totaling to your net worth. 2) Profit/Loss statements on your existing properties for the last couple years to show your track record.

Will I be given a 1099 in a short and a foreclosure, and would the loss on the investment offset it?

Will I be given a 1099 in a short and a foreclosure, and would the loss on the investment offset it?

The -268 net loss is per month.

Building now is worth about 5 to 8% more which would cover any loss i would need to pay.

@Jacob Dame, it is apparent that the Seller already has a listing Agent, who should already be aware of the Seller's bottom line of $85k (coincidentally the same price they paid at the height of the pre-GFC-bubble in 2006 - most other Sellers in the meantime have had to wear significant losses).

His truck was deemed a total loss..With the drought here in California, I think there will be many more of these...

Or maybe they are on the stock market forums now and sold their houses to us for a big loss?

Nothing for repairs, nothing for capex, nothing for utilities, nothing for vacancy loss, nothing for lawn care, nothing for pest control, nothing for management, etc.

If I do it this way, I can rent out my current home which would easily offset any losses from the empty commercial space.