Negotiate a lower price if inspections warrant that, do a walk through the day of signing, and if everything is still okay--no squatters etc-- go sign the papers, pay the money, get the keys, change the locks and move in...I would guess I might have missed a step or two...

I just purchased a $50k condo to house hack in. I

I plan on investing in Real Estate some time in the near futureI've been wondering on whether buying a house and paying for a mortgage will be a smarter investment instead of continuing to pay rent at the apartment I'm living in. I

Hello @Carl Fischer, Thanks for jumping in. I

And there is less to maintain, and cost to get in is generally cheaper.The downside, is the HOA fees will eat a lot of cash flow, the turn over is higher I've found as they would rather live in a house than a complex.

Don't get too caught up in "I have to do it this way because it's the only thing I know."

I scaled very fast and bought 25 deals in the first year and a half.That market that you're in is going to the rough.

And even when I have found answers that I'm somewhat confident in, I don't want to risk money based on whether or not I found the right website on Google or whether I interpreted the relevant Idaho legislation correctly.My understanding of the Idaho law I linked to is that there isn't a redemption period after the sale takes place.I'm quite new to this, so I don't have a title company that I use regularly, but that is definitely a valid point as I'm sure they have insight into the process and be able to help clarify it. 

Thanks for anyone chimes in. I

:I would say 5% is the power of cash in your 100K/ 20% down example (assuming you have good credit)All cash could probably take that deal down for 95K all cash quick close.I think that is how the seller would view it as they would give up 5K for a lower net price but a slam dunk all cash offer.I think the market you’re in is a huge factor; There may be a 5% Cash Power (did I just make that up?)