Thanks againhttps://casetext.com/statute/california-codes/california-revenue-and-taxation-code/division-2-other-taxes/part-11-corporation-tax-law/chapter-7-net-income/article-3-items-not-deductible/section-244365-interest-depreciation-taxes-or-amortization-paid-with-respect-to-substandard-housing

But as our respective areas move to open up I'm seeing the real estate markets firing right back up as well. 

With all due respect, shouldn't you have checked that first? 

Miami is found to be one of most recovered markets together with Riverside, Houston, Washington DC, and Sacramento with a housing demand index between 128.5 and 143.5.The median list price in the top 10 most and least recovered markets sat at $567,000 and $316,000 respectively on average.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

We used our lender's app and his recommended 3.5% interest rate to calculate the monthly mortgage and PMI payments which would be $2,129 and $161 respectively.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

As others have mentioned you may get better rates with conventional SFH financing but commercial loans  are much quicker and straightforward process without nearly the brain damage that comes with the conventional financing process of verifying all income, expenses and loans with respect to yourself and your properties. 

He pays early, quiet, respectful, and not needy.

What does the Contract provide for with respect to non performance by seller?