Now nothing can be done to the house except to bring it down.Most of these issues are things I should have identified before buying the house, had I done a thorough due diligence as most of my assumptions were wrong.The purpose of this post is to educate new and aspiring real estate investors on steps to take when New Acquisitions is involved in the sale of a house.

Heres some common structures:5-4-3-2-1 - Stepdown (5%,4%,3%,2%,1%)Flat PPP - 5 year PPP and there is a 5% hit in fees at any point in time within the 60monthsAbbreviated PPP - 6 months of interest payments on 80% of the balance at closing.It's all different... just shop it out and choose a dscr broker who has the knowledge to help you make an educated decision.

It's a long meeting, but a new format.  5-7 is networking, 7-7:45 we'll have an educational speaker and q&a, and 7:45-9 will be more networking. 

Of course this is Not what they teach in formal finance school education.

This may end up being expensive, but consider it your education/tuition.

I also found a website that scans/monitors other sites for legitimacy, and it flagged theirs as likely a scam; d) I know of a handful of investors in my area who didn't learn through a program like this, but through their own networks and education (through REI networking events, getting their RE license, property management, books, etc); e) I started exploring BP's free and affordable (i.e. books) resources, and it turns out, these have been immensely useful and educational and allow me to move at my own pace. 

Of course, C class is where you find the real cash flow if you can become educated enough on how to run them. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

In addition to all the points above - continue to educate yourself and surround yourself with those doing it at the levels that you want to get at.I don't know what your family business does, but if there is a way, find creative, legal and non-invasive ways to leverage that to build connections and expand your sphere of influence. 

The only thing I can think of is getting rid of the depreciation rule, but that's just an educated guess on my part.