I calculate the highest amount I’m willing to pay..even if it’s over asking price in this one circumstance.

The home was vacant, neglected, dirty and had several leaks in the basement, water damage in multiple areas inside and a list of code violations from the city.How did you find this deal and how did you negotiate it?

I know circumstances aren't ideal right now with COVID but I think it could be fun to get a few people together to talk about real estate over some coffeeSteve

I haven't seen many strips go for less than 6 recently, aside from the above circumstances.

We file US tax returns.Can anyone recommend a Lender/Entity that can finance this project given our circumstances?

Since we live in CA, we're worried that if the tenant feels wronged they may take advantage of friendly tenant laws and the circumstances surrounding COVID-19.

How can I accomplish this given my circumstances?

You are only allowed to deduct expenses up to your rent amount in that circumstance.

But it is possible to avoid taxes on such profit under the right circumstances.

Fair is fair, but beyond that life circumstances can change from when a tenant was placed to the current day.