Be sure to read through the Learn section above it is loaded with great information on all phases of investing.

FHA is government funded and operates under a different set of criteria.

Might see RE Operator, if it's a job it's hardly investing.

This is a good deal, but your evaluation is wrong.NOI is defined as Gross Rents - Operating Expenses.

I know more than one legal firm that seems to like commercially zoned houses to operate out of.Now I have a nonconfrontational, while honest question and could use an equally honest answer.

I mainly invest in businesses that operate solely from the net (aside from my investment company).

Commercial property operating expenses average between 40%-50% of AGI (agusted gross income) therefore the listed expenses are incomplete (they show only 31%) and thus the NOI is incorrect (too high) Furthermore, the Cap rate for that type of building in that area seems a bit expensive to me (I could be wrong about that).

This election is typically recommended for operating businesses that are profitable.

You get to reduce the income you pay tax on by claiming expenses you used to operate your business.

I factor all of the maintenance, vacancy, taxes, operating budget, etc.