E-Commerce business- (online internet retail sales nationwide)Would this be considered in the application process as a "transferable  business"?

Great thing about the internet is Cunningham's Law never lets you down. 

100% betting on automation.

@Joseph your best bet is to cut expenses, and increase your savings-gap as much as humanly possible.

Your best bet right now, is to try to get everyone out OR try to find a new tenant for the extra room and put him or her on a month to month lease.

If you're just looking for some passive income and you all want to keep working in your careers, passively investing in a syndication would probably be your best bet.

So assuming SFH you would be out of luck on getting it applied (I have tried - best bet is to buy in January as it is only evaluated yearly, so you could get a year of reduced taxes). 

Since you had no knowledge of the foreclosure, if this other person hadn't stepped in, you might not have been able to buy the property at all.Your best bet might be to see if you can just negotiate down the price some more as you may have the option to cancel the contract as invalidated. 

Generally if the landscaping looks like crap, there's peeling paint and other signs of deferred maintenance on the outside of the house then you can bet the inside will be in similar condition.Definitely check for liens or have your title company do a title search. 

Assuming it's bet to make sure that funds for REI don't co-mingle with private funds from the get go, but I also feel it's a bit early to be running out to get business accounts.