I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.

If you're still in school, get a part-time job to help accomplish this.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Just wanted thoughts and opinions on this property & deal.

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What made you interested in investing in this type of deal?

Curious to hear how others in the DFW area are handling this too!

If you have any experience with this, please let me know how much your investor insurance is for Florida on a vacant house.  

This will save you on subscription costs.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!

What are some things to consider before attempting to invest in this tax lien?