Just because "the seller has dropped the price $20K" doesn't mean that it's automatically a sound deal for an investor.

I think it's important to start with this - is your 250k debt what you owe in principal on the mortgage on your home or is this separate debt (credit cards, cars, medical, student, etc)?

To simply put, property accounting is anything to do with the actual property operating day to day accounting such as rent income and rent expensesCorporate accounting is anything to do with the LLC as an overall so if you pay for gas for your car for business, it will be corporate, if you pay for a meal, this is corporate, paying for business licenses, office supplies, etc.Actually I learned this from him

And fly to the area multiple times - if you can't afford to do this I would say someone isn't ready to invest OOS (any potential property issues are going to cost more than a flight, hotel stay and a rental car.

You're like someone who honks at a car for driving the speed limit and then looking away when they pull up to next you at a stoplight.  

It protects it from outside liability (let's say you drive recklessly and kill someone, and your personal car insurance gets exhausted, the suing parties cannot come after the rental property because it is not personally owned by you). 

Given thatmany tenants will make their car payment before their rent payment, we’ve copied the mortgage industry’s methodof debt-to-income (DTI) ratios.

If I'm in the car then the podcast is usually on.

Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.

Now technology has progressed (just like self driving cars), but getting to 80% is easy, getting things perfected to the last 10-20% takes forever (see blockchain which a decade ago was going to change real estate forever - how has that worked?).