And that is a licensed MLO  Lawyer or in some instances a RE broker..

Propose starting small, like a single-family rental or house hack, with a clear, low-risk plan to minimize concerns.Leverage your industry connections and offer to handle the initial responsibilities, demonstrating your commitment and capability.

At the time, his offer was low, and I had potential plans for that space, so I turned him down.

The seller is offering seller financing at 2% interest with a 9-year balloon.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

I assumed this would be the case because the rest of what California has to offer kind of sucks.

The proceeds could be reinvested into something with better returns or even used to simplify your finances(Like Bettment still offer 4.75% for new customers, and you don't need to do anything!).

The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.

I have recently worked with a company that has an excellent offer.

Steadily has their own product (with multiple writing companies) and then they offer policies through other carriers just as an independent agency would.