Regarding the private loan, indeed there are several conversation about it and i like they way you gave a perspective that not allot of folks have thought about. 

Jennifer,Thanks so much for your input, I am still learning allot as i go.

Even though the courts would probably get your money back eventually, it would take so long that you would go over the allotted time frame.  

Allot of questions on this deal !!

When I get insurance, I would like to get coverage that replace items damage, to 100 % working order, with little risk. 25k is allot out of pocket and would seek something in a lower deductible. 

Its sorry to see that allot of people get in over their head right from the start and then it becomes increasingly difficult to be a real estate invest and enjoy it. 

There's usually some networking time allotted, depending on the speaker.CiA is Club in Action, in Burbank.

If it isn't you will be starting off with less revenue (35.370.00) after a vacancy allowance (10%).Using your numbers for Operating Expenses (23,032.00) - though, technically CAPEx is an allotment made from net earnings - you are left with an NOI of 16,268.00.  

Allot of people get motivated and inspired with the low or no money down method of obtaining properties.

That might make allot more sense to look into.