LTV estimates are sometimes overly optimistic, so many loans that don't get paid off by the borrower become worth very little.

The other 2/3 is owned by my relatives.

I have a very specific tax question regarding the UBIT (Unrelated Business Income Tax) exemption in Solo 401(k)s that is normally triggered by UDFI  (Unrelated Debt-Financed Income) in IRAs.  

Also if you don't know, there is a relatively new and expanding Navy base near by, increasing active duty military demand for housing.

A buyout of 65k was offered by the current tenant to terminate immediately.

If property insurance, it should already be covered by your insurance company and you can ask them to add loss of rental coverage.

Can you elaborate more on what you mean by "Commercial" - are you looking for a business-purpose loan on a residential investment property or are you looking at true commercial real estate (office, retail, etc)?

We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

When getting started its a careful game of making sure you are ready and have funds and do not rush it, as one bad deal and if it goes real bad can slow you down by several years, which you do not want to do.

House hacking is essentially the cheat code to get started into real estate investing.Generally done by utilizing FHA loans and 2-4 unit properties.Basically, buy a primary residence, live in it or one of the units for 12 months, move out buy again and do it all over again.Each time you can utilize fha as long as you refi the former before you use it again.Great way to buy a lot of properties with low entry cost!