Expecting to continue that type of investments and looking at everything real estate (notes, multifamily, cre, rentals, etc...) 

Quote from @Marc Shin: Look underneath it (crawl space, basement).

have you looked at Rod Kheif and Joe Fairless's program?

We are looking to invest out of state, looking into Alabama,  with LTR and/or STR. 

I'm looking at a mixed-use property (cafe on bottom floor, 2 apartments above) with an asking price of ~850k. 

At this point each former member owns real estate. 

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

The property is rented at 850 a month with market rent average at 1300 and she covers all utilities and yardwork. 

Just wanted to say hi and let you know I’m looking forward to learning from all your helpful advice! 

. ✨ looking for ideas on to  how to acquire an owner-occupied property  with 5% down by using a mortgage loan product to purchase , improve and  avoid mortgage insurance based on projected value?