400k is so expensive for such a small home.

It's a fabulous small town in Southern MN just off Interstate 90. 

@John Slater - So you knowingly associate with James Piccolo, whom the Arizona Corporation Commission fined $6 million dollars in restitution and fines for defrauding 105 investors with unregistered deed of trust investments?

There are multiple billion dollar companies dumping money into the city, such as Intel, Google, Honda, and Amazon.

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.

I'm not familiar with your market, but here are some thoughts:750 Sq ft is small for a 3/1.Interior looks like a flip but it seems like it has been owned by the sellers for a long time...so maybe not.They have been trying to sell this property for 6 months and have reduced price. 

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan. 

Just acquired a property in a small North Texas very rural town.