IF you are looking in the commercial space, you will want to look on the MLS but also with all of the commercial brokers.

Incredibly poor business deal. 

value adds vary in the return they provide.  

Also would you focus on a specific target market you are familiar with and know the comps like the back of your hand and have boots on the ground ?

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

Quote from @Zara Massoud: Hi, The PM company we signed on has a clause to add them as 'additional insured'.

It’s on 5 acres and there’s a small pondhouse ADU at the back of the property.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible.  Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost S...

Add $575k, $380k and depreciation taken over 10 years.2.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.