I've been pre qualified for a loan that would let me purchase a property in this price range (130 K) for a residential unit; but because the bottom level of the 4 plex is being used for commercial purposes, the loan I need will have to be for a commercial property.  

Also, for the purpose of general education, would you mind sharing how you got into this situation?

Unfortunately, it's hard to compare returns with other     investors because everyone uses slightly different numbers in their analyses.  

@Kaynea Bingham I am looking to buy property in Orlando for STR purposes.

You might want to compare this to leaving the money in the bank, or a CD, where he will be less than 1% interest.

Do your offers go up compared against the 70% rule? 

Here’s how it is applied: if a property were acquired for $10 million and depreciated by $2 million, the cost basis for tax purposes would only be $8 million.

Many listed properties have an asking price not supported by the property's condition.To make your determination, you need to do a full analysis to see if it matches your criteria, including your expected ROI and cash flow potential as well as the comparable recent sales.

How is this accounted for taxes purposes (i.e.

Howdy Brooks,Also just starting out on this RE journey as well.Ideally I'll be looking at duplex or 3-4 unit properties as well; my research thus far is showing that these are pretty few and far between here in town at this time.Would be interested in comparing notes on that.Also I'm in the mortgage biz and am familiar with the 203k loan.