And, as others noted, it also can greatly depend on what you plan to do with the cash, if you aren't investing it in this house.  

We have our Guide Book on the counter in the kitchen.People like to have something to look through, plus other guests leave flyers from places where they ate etc. with notes like, "Great food" etc. written on them. 

As others have also noted, DSCR loans are separate from rehab loans which are often structured as hard money loans bundled with the upfront purchase.We fund both hard money for the purchase + rehab as well as long-term DSCR loans for the cash out refinance in BRRRR projects.

Use some for buy and hold (I personally would prefer apartments rather than buying a few single family homes) and some for lending/trust deed investing.In either category, you must know what you are doing, know how to vet the investment, how to vet the sponsor (if investing in a larger fund of some sort), the laws and regulations on the lending side, how to investigate which areas to invest in buy and hold and notes/trust deeds for that matter.So as you have already said several times, lots to think about . . . 

And like you note, if there is a lot of generic office space available in a market, it becomes a race to the bottom on rents, as well.While you can be close to bedroom communities, most offices also want convenience to amenities.  

Hire an attorney, take notes, and maybe you'll be prepared to handle it next time.

*Please note: As Dave mentioned, not all REITs allow for ongoing depreciation, but some do.

We explain up front that everyone on the lease is responsible for the entire contract amount and note it several times in our lease. 

I am going to put this feedback in my notes to refer back to.

Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers!