You may need to get creative with your financing in order to make the deal work.In conclusion, evaluating a distressed property requires careful consideration of a variety of factors.

BP also offers a variety of excellent tools to enhance your knowledge. 

You've presented a great list of questions here, however, I wouldn't be able to address the bulk of your concerns because: 1) the specifics of your situation/intentions will dictate the proper advice, and 2) these questions are better suited for an attorney.However, it sounds like you have a variety of different income streams, all of which are treated differently for tax purposes than the others. 

Just depends on a variety of factors.

Sometimes called "DSCR" loans and a variety of other names. 

You have a variety of options on how to begin this thrilling adventure.

I sometimes set him up with my loan clients.Since I set up loans every week, and deal with a wide variety of sources for the loans, I see what the lenders do to reduce risk.

And, they have a wide variety of structures and risk/reward ratios for different types of investors (from no leverage to leverage, different sub asset classes, different geographies, etc).

If you're looking to consider a variety of options, a broker will be able to help you compare different programs.

I look through a variety of channels - MLS feeds, LoopNet, tips from brokers/agents, reaching out to PMs, asking if their owners want to sell and finally direct mail.