I'm the newbie in the room.

[Brad Smith]

Hello, I am new to real estate. Have been reading up on many things in the real estate world. I have a question. I have a deal that I am looking at and would love some guidance. I am looking at buying a 140k house in a nice neighborhood here in Texas. I would put 100k down and would fianance the rest thru typical bank financing. The house is 1507 sq feet. All the rentals in the same sub division at the same price and square feet are renting for 1350-1450. The guy I'm buying the house from is a friend and wants to stay in the house for 6-12 months after I purchase it from him and rent it from me. Reason is because he wants to have the cash from the house available when he finds the right house for his family. I'm sure I have left out a ton of stuff that you guys need to see if this is a good deal or not. Any advice would be helpful. Be gentle, it's my first time!

[Brad Smith]

no that's what I'm putting down. Can finance the deal any way I wish.