Hey Ryan, How did you get such a low rate on a commercial property?

I grew up there, so I have some familiarity with certain neighborhoods.I don't have a lot of capital, but I have an extremely excellent financial history with a high credit score and very low DTI.Time to wrap up, don't want this post to get too long.I'm looking forward to interacting with all of you on the site, and here's hoping I can make this work with your help.Thanks,- Ray

The monthly cost is kept low and is a workable system.

getting this at $80k would be a steal of a deal so unless the seller has some me serious motivation for accepting such a low offer, they are better served listing it with an agent and not going the FSBO route.In this competitive market, good luck finding deals at 70% less repairs, less your wholesale fee.

As another member stated, you'll lose your prop 13 status and that super low tax bill will show up this coming November with the decimal place moved to the right one column. 

Buy and hold rentals are a very safe, low risk way to grow your wealth.

Pros are tax handling, reduction of liability (degrees), Cons are costs, both at formation and in form of interest rates.

There is no appraiser looking over the deal saying that rents are too low for the purchase price.

I have bought Tax liens for as low as $1200 that I have gotten a deed to.I also bought a house for $200 last week.

From there we also discovered Afford Anything and the BP podcasts, where we realized that we wanted to go the real estate route, while still investing in low cost index funds on the side.