This is a great place to get your questions answered.

Quote from @NA Ludkey: @Jaycee Greene  No he is not a dependent on our tax return any longer. 

Be sure to tag your post with the location so local folks can reach out to you. 

I have never come across a situation like this so I’m reaching out to get some advice.

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

You get stuck with higher costs across the board and that 1 extra unit doesn't get you more scale than a quad. on the lending side I agree with others - DSCR is best option.  

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

I realized that there are very few lenders willing to lend on a property under $100K. 

Structuring my investments to take full advantage of bonus depreciation and tax loopholes.Using cost segregation studies to maximize tax deductions on real estate.It’s highly likely 100% bonus depreciation will be restored and be retroactive to the previous few years.So I’ll be advising high-net-worth investors on how to legally keep more of their money.#4 Investing in bitcoin and crypto.

I've seen a lot of people try this, and they rarely use the home.