@Leif Norris it is interesting, based on your post, the former owner lost it to tax sale at least once before. 

Definitely talk to a Florida based real estate lawyer if you are unsure what to do though, a quick phone call to one shouldn't cost you anything.

Uses the common rents on the 1007 rent schedule of the appraisal to approve based on rents.As long as you can show a .85% DSCR or above on rents to PITI your good to go on the approval.  

Any profit the investment receives is returned based on this percentage of ownership, and the IRA would be responsible for its percentage of any expense associated with the investment, too.

I do not think that is a good idea. you paid Income Tax and FICA based on $20.5K on schedule C, your net income probably only left $15K (15.3% self-Employee tax + 10%+ Income tax), and you can only contribute 20% of your net income as "Employee" to 401K, that is only $3000. even you can contribute another 20% as "Employer" contribution to 401K, then you need to maintain 2 separate 401K accounts. 

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.

I'm not a fan of shopping lenders solely based on pricing because service is VITAL with lenders.

Hi Jarret based on your current situation I would advise not going solar as your bill is pretty low.

This does not necessarily mean they will not sell, but if it is in BK it would need to be approved by the trustee, and depending on the type of BK they filed and the size of the unsecured creditors the trustee would only allow it to sell to the public to get the best price because - they have to make sure they get what they can for unsecured creditors AND the trustee is paid based on what is sells for, so they will want it to sell for more.

Here are some strategies that could help you connect with potential investors through a forum like this or other networking avenues:Build Your Presence: Start by actively participating in discussions, sharing your experiences, and offering advice based on your own real estate dealings.