Josh,Thanks for the encouragement!

Thank you for the encouragement, it definitely feels like too big of a project for our first one, but as you pointed out if the deal is good enough vacancies and setbacks shouldn’t sink us.

Thank you for the encouragement Michael!

Not sure if that's a good rate or not if we went that direction.My father in law has encouraged us to go ahead and lock into a conventional mortgage, but my concern there is the appraisal, as the house in its current condition may not appraise for the sale price.

In a podcast I listened to recently, Brandon said that he gets a conventional mortgage and then titles the property in his LLC after closing (they discuss the possible implications of doing so in that podcast).I’m not aware of any local banks in Evansville that will do a 30 year amortization on a portfolio loan, so I’d be interested to hear if you find one.Since you’re new to the area, I encourage you to take a good look at the property taxes and how they’re taxed differently for rental property in Indiana.

Focus on your education, start slow, encourage them to learn, share the why, and include them.

I would encourage to start by befriending a local real estate agent. are u already familiar with the atl market?

Members of BP will NOT steal your deal - most likely encourage you how to proceed (or not) and there will be some who can help you in different ways including investing. 

I would avoid garbage disposal, because it just encourages putting food down the drain which, even through a disposal, will cause more plumbing issues over time.

Thank you for the bit of encouragement at the end, I have a lot to learn and thank you for your input.