If this is a $400k home, you have to make a lot more than $20k/yr in profit/cashflow.  

;P The guys fully into this crypto stuff certainly don't think it takes much speculation that prices go up from here.

You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

Is it to borrow using a commercial lender that only lends to LLCs?

However, as many will tell you on this website, know your market so you can be more critical when looking at the pro forma.

This will be a question for your bank.

Hopefully this is useful for your purposes.

You have to ask yourself "how desperate am I to rent this place?

This one cluase essentially bans all group homes.

Quote from @Shelley Austin: Purchased property for 390K, put 15K into rehab.