I qualify for up to 850k at the absolute MAX and I am able to pick up a 4 bed 2 bath in the San Gabriel Valley.

They also make it easier to qualify for investors who own many homes or are self-employed.

As Jay mentioned above, conventional financing is technically the best product if you qualify for it. 

If the payment is considered a business expense, then obviously it doesn't make sense, but I'm not sure if the payment is a tax write off since 1, I don't have an LLC, and 2 bc I don't even know if an insurance payout qualifies as a write off expense.

To the best of my knowledge, I do not believe that I am qualify for Solo401K but will validate my understanding with my CPA in my upcoming session.3- Yes, you are correct.

I would look for a multi-plex to buy - up to 4 units would qualify.

Are you trying to help qualify for something with this income or just want to live there while renting it out?

Now I don’t qualify for anything decent! 

Would I qualify or do I need to own the property for 5 years?

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.