You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

The property feels like you are in the jungle yet is on a paved road with high speed fiber optic internet and within walking distance of great restaurants that are owned and operated by entrepreneurs from around the world.

Having said that, we also have many clients we use our systems and processes for crypto funds, buying existing businesses, funding startups, hedge funds, venture capital, and even non-profits.  

I've been through situations like this.Hopefully the family pays rent and this becomes a non-issue.If they don't pay the rent, you need to be understanding and kind, but firm.  

. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

They can also be more forgiving on condos (warrantable versus non) at times.

Furnishings that are easy to clean, along with amenities like high-speed internet and pet-friendly options, go a long way.

Even first-time flippers should be able to get these terms: Application/Credit Report/Upfront Fee: $0Appraisal Cost: $0Down payment: 10% of purchase price (= 90% LTV)Rehab funding: 100%Interest payments: Paid only on amount drawn (non-Dutch)Prepayment Penalty: $0Reserve Requirement: $0Max Funding: 80% ARVMax Funding 95% LTCClosing time: Measured in days, not weeksI hope this helps. 

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

Instead, shut off the water to the toilet and place a sign on the door "Art exhibit: Non-functioning bathroom."