It is my view that a mile is too far for guests to place a high value on being near the beach.  

i may have misspoke. the seller wants 2.2M but that is not what i offered him or agreed to.i think for this area 1.925M to 2.025 is the range.i am using 85% instead of 70% rule in this calculation. 

Appointments take at least a week, then several days for them to analyze their coverage, then you go into a queue for one of their required contractors - all while the tenant is without heat, water, etc.The sewer & water line program offered by the DWSD can be useful if you haven't already replaced those lines. 

I further believe (though would not underwrite to this) that this approach would offer the buyer the potential opportunity at a future date to conceivably subdivide the parcel and sell the main unit and ADU as separate properties.

Even a risk free CD is offering 4-5%.Regarding the steps, generally that's correct. 

I grabbed the contract and offered 100k less, and got it, Talk about timing.

BP offers free online videos and educational courses for you to watch and learn from.

Typically 15 year property can qualify for bonus depreciation.I use the word typically and usually a lot because I highly recommend you speak with your accountant to get specific information about your situation.

We were told about the prepayment penalty...now I do have a general understanding of what the prepayment penalty is...are there any lenders that offer these types of loans without the penalty?

Recently I purchased a house did overpay 60K my offer was the second highest offer seller didnt accept that but they called me back after a month since the first offer didnt go thru, I gladly moved forwad and recently moved in however I dont like the house at all it is accross the cemetary I dont feel homy there a bit house is nice but I simply i dont love it!