-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.

Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

My rationale: - Office is essentially not trading right now on the market.

Gaining an understanding of the Zoning is vital to what can be built and essentially dictate how profitable the land can be.

What is the seller typically expecting to sell these for, considering that the UPB and legal balance are lower than the property value?

Look into property values, vacancy rates, and the overall rental market in the area.Real estate can be a powerful way to build wealth, but it’s essential to start with the right tools and knowledge.

Essentially I would become the landlord and they will be tenents.

These studies typically if done by 3rd party would cost $10-$20k but you could also do it on your own.

Additionally, as long as you put 20% down, it typically keeps you safe in terms of cash flow, and then you simply have a couple dozen houses with tenants paying off your mortgages.