@Blaison Samuel No, but a simple Google search reveals someone who has bought a ton of domains, all with the keywords "J T Foxx complaints and J T Foxx lawsuits" ......possibly an attempt to bury any criticism of the fact that there was a lawsuit alleging sexual harassment of a minor, or comlpaints of him charging up to $60,000 for whatever it is he does.http://www.bizjournals.com/prnewswire/press_releases/2012/08/24/LA62361Does that help?

-If not, then I wouldn't add $100k of 'Value' to the property just for having an established Pizzeria, since as a simple landlord, it all breaks down into the return calculations above (hinging on rent/mo from your tenants, whoever they are) which at your current estimates would leave you under-returning compared to a money-market account earning 5%.Now keep in mind, I have been discussing the long-term hold return of this investment.

Simple question for you tax gurus! 

Start talking to other lenders, plain and simple... you preapproval does not hold you obligated to anything.

A simple Google Search will uncover these facts.BTW, I am not looking to do commercial real estate.

I would also recommend doing a walkthrough video so your buyers can understand the layout and make you a soft offer before seeing it.There are many more things that would facilitate the sales process on the acquisition side, but since you are starting out, keep it simple and do not make an offer on-site since you said you are new and might not know how to run the numbers.

A simple explanation is DSCR is to finance the property based on the income or projected income of the property and a HELOC is like a credit card that will be given to you base of the equity of the house you are putting as collateral. 2 diffrent products consulting with a good mortgage broker that will provide you the information depending on your needs.

It isn't a simple "yes/no" response.

Condos, coop, and fee simple.

It's called Home Simple.