Ready to start!

[Timothy Leong]

Hey all,
I just wanted to say reading post on BP has been a great help. I've been working on buying a rental property for the past year (during college) and now that I have graduated and gotten a promotion at work I finally got into contract. I'm purchasing a SFH for 196k with 20% down PITI=$974 and already has a tenant that's paying $1,425/month (for the past 2 years and wants to stay another 1.5/2 years).
I've gotten this one in place before starting to read BP, but after reading some blogs I'm already looking into a second rental property after looking at some turnkey property.
I cant wait for this first house to close so I can start working on getting house number 2! I'm looking forward in getting to know you guys and helping others as I learn.