Competing properties might be capped at 1 bathroom, so the extra half bath could make yours stand out, potentially allowing you to maintain a higher rent over time. 4.

Welcome @Natalie Johnstone to the world of real estate investing!

As far as DSCR loans go, many lenders do not like to work with 1st time investors but many lenders have no problem with this! 

Commercial real estate is in real trouble, banks & commercial lending outfits will not touch mixed use.

Disappointment is a major part of Real Estate success.

I understand that the beneficiaries of the estate didn't want anything to do with operating commercial real estate, so it was just left to fail.

I have been fascinated with real estate, and investing! 

These are also generally slower times for almost all listings, so don't get discouraged!

We are late in the game for this years sale, but I am also thinking the bank may step in and pay the lien on the residence, allowing time for discussions with the Owner. 

Doing so ensures they've had notice sooner rather than later, and also so they know I'm running a business and not simply enjoying a hobby in real estate.On the other hand, if the tenant doesn't pay the rent when due, the law in Michigan only requires a 3 day notice.