I informed the seller that because of the overlay, the property may be 2 build eligible in-spite its small lot size.

I informed the seller that because of the overlay, the property may be 2 build eligible in-spite its small lot size.

My wife ordered a kid size pool table from China for our STR and they sent ear muffs.

The cost per sf skyrockets as house size decreases. 

Exemptions to getting a 2nd FHA loan per HUD handbook are:-Job relocation 100 miles away or in another state-Increase in family size-Vacating a jointly owned home (ie - divorce or the like)

One property the square footage was high because they assumed both florrs were same size and they were not. 

People I know that owned similar sized houses around me were regularly getting 1.75-2.25X what my house was renting for.

But I would rather get a good-sized down payment that I can use to invest elsewhere and get a good sales price due to the cheap financing.

The chart of accounts is structured around the Schedule E, so you simply export it and send to your tax professional.

That said, here are the actuals:Unit count: 13 offices (sizes range from 165sqft to 2,800 sqft - it's a local mom & pop type commercial building in an A-/ B+ town that's growing) Gross Rent: $20,801Expense Ratio: 50.7%NOI: $9,736 (year 1, after vacancy) ---Cash Flow: $2,536 / moCap Rate: 6.5%