Closing on First income property

[Scott James]

Hi all,

my name is Scott and I am a serial entrepreneur of sorts. I was alerted to an HUD house listed at $40,000 in a good neighborhood close to mine. It is valued at $100K and all the houses around it are valued at more. So I took the plunge and they accepted my offer.

I am getting ready to start my adventure in investing and property managing.

This site has already been immensely helpful and I think I have read the 5 or 6 most recent pages on the "renters" forum.