Interestingly, and providing support for your position, when I come across a deal I really like but doesn’t fit into our criteria for our fund, my partner and I often invest in it as individuals.  

@Scott Trench thank you for your response on this post, I think it provides a lot of great points.I grew up in California and there is a lot I love about the state but I'm terrified to own real estate there.

The city has a strong rental market driven by population growth, providing stable income streams for investors.

My contractor has provided me a contract bid.

A red flag is a warning for you to dig deeper.I recommend your offer to purchase include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

For instance, a lender might require a minimum DSCR of 1.25, meaning the property's income must exceed its debt obligations by 25%.Significance of DSCR LoansDSCR loans play a vital role in commercial real estate financing for several reasons:Risk Assessment: DSCR provides lenders with a quantitative measure of a property's ability to generate income and repay debt.

If you have a connection with a company that provides them, I would get in contact with them.

Who provided the estimate for the plumbing and roof?

Also always open to learning and providing a helping hand where I can be helpful.

We also had a lot of problems with the phone numbers they provided.