By the time I figure this out all offers on table will have been long since received probably, but since it's popped up twice in a row now, it's bound to pop up again.

Begin your real estate investing adventure by educating yourself, identifying your goals, and deciding whether to invest in rental homes, fix-and-flip, or commercial real estate.

Quote from @Adam Czachor: If you're going to be an absentee landlord, I would start by looking for highly skilled property managers that can handle whatever you purchase.

A DSCR 1 ratio is usually required by many lenders for best terms (some require higher such as a DSCR 1.2 ratio) so having a higher rate for 80% LTV makes that more difficult. 

It is being offered at $47 per month by the Property Manager that we are planning to hire.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

@Bubba McCantsWe have clients in the Reno Tahoe, NV area that are taking a bit of hit on the cash flow because of the above average appreciation growth boosted by tech jobs and people moving from CA.

The valuations on them appear to be completely arbitrary and in many instances the company seem randomly selectedWe had one recently from someone else who provided the opinion and the comps were 7 miles away and from another jurisdiction - whereas this property while in a more rural area had considerable sales that could have been used.If you use them to get an idea for property condition I find them to have some value but since they have no interior inspection reports, they are at best just a random guess of the value which could be off by 100%

You should stop by the Cash-Flow Breakfast club in Moco, great community/networking for real estate investing.

I received an update from my accountant and it seems the timeline of events did provided some clarification and reduced my taxes by $6k from the original $16k.