Did I properly estimate the cash not only to buy the property but also the six month reserve funds that some lenders are requiring for non owner occupied units?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

You're entering into a phase of the investment journey where you want to strike a balance between proper due diligence and avoiding last minute analysis paralysis.

Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

In order to properly assess, we would need more information.

1.Yes, you can take advantage of bonus depreciation if you structure it properly, even with a partner, through a simple LLC or partnership agreement.

Build a team of professionals, network with investors, and mitigate risk by screening tenants, having proper insurance, and having reserves.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.