Square One: We found the property, which step first.

[Brandon G.]

We found our first duplex and have run the numbers, so I'm going to "noob it up" as hard as I can here.  I've never purchased a property before so rather than ask people who would benefit financially from the steps we take, I thought it wiser to ask my new guy questions here in the loving care of the forums, where perhaps I won't take too much flack.  It's amazing how with the help of this site you can learn intricate details of how to analyze a deal and run numbers, often times better than those that have been investing for years, all before doing your first deal and still lacking the actual experience of having done each step youself. 

Our friend has a duplex that they are wanting to sell.  After we inspect the property ourselves and have it inspected, what is the next step.  The terms I set with the seller will determine on how much closing costs and all other costs will be in order for us to have the keys in our hand.  I have already established a relationship with the loan officer we're going to use at a local bank, but have yet to approach her with the details of this deal.  I know there will be a title company involved as well, though I haven't chosen one.  Could someone explain the steps and the best order to take.

Thanks,

Nooby McGreenerson