Ma'am,I would hire a good real estate agent and let them represent you to the bank.If you're not sure who owns the note on the house.do a title search and get all the information you need like how much is owed at this point.Then have the agent run comps to see what the home is worth as of now and after any repairs have been made.Arm yourself with complete information about the situation including your ability to get a loan by getting pre-qualified before your agent speaks to the bank.The bank officials are more apt to listen to your story if you have a pre-qualifying document that shows you are derived

This is not a rant - there have been numerous studies done on this since the 1960s to demonstrate that almost all above-normal returns with derivatives are due to luck and not skill.

Well that looks good at first but if I call you and ask you where you got your numbers from, how did you derive at repair costs and you cannot offer anything verifiable then chances are I will quickly decide not to buy your house.

Since cap rates are based on the NOI which is derived from the gross rents less operating expenses, both rents and operating expenses can be exagerated for the benefit of the selling party creating false 30% cap rates.

This is a derivative of house hacking and house sharing and student housing.6.

I think some of you all need to get an education on the ADA and FHA.First off FHA does not require the dog to have individual training under the ADA 2nd the tenant does not need to be dependant on the animal, just derive some benifit, and no level of benifit is required just that it "may" provide benifit.3rd even in cases were the dog can be removed the tenant is required to still be included and can not be evicted. 

This is based on the indexing concept (see tomveatch.com/re/indexing.html) derived from three foundations, the mathematical theorem from information theory on horse race betting, the informational theory of pricing, and a 50-50 valuation ratio between all stocks and all real estate, which was approximately true last time I calculated it.  

However, it is very important to derive a plan based on your goals and objectives.Good luck my friend!

I am deriving no cash flow right now.I am looking at the long term value of this property, and if I can't fill it with commercial tenants, I really have to consider residential and I am open to answers and tips from anyone who's converted a property from commercial to live/work.  

Although the Frauds Act requires that any contract for the sale of land be in writing, it contains no such requirement with regard to real estate brokers’ contracts of employment or the commissions derived from them.