I would look to areas much more afordable for your first couple of investments after your own home to minimize your risk while getting your feet wet.

However, I want to buy this house because it's a great deal, and I get the sense the sellers are just mad due to the fact that they agreed to the deal in the first place and are dragging their feet as long as possible to make me not to want to purchase.

I agree with the person in the article who said if you accept year-round campers, then you are in the landlord business.

Hello BP,I am finishing my basement for personal use (no tenants) and just realized that the sewage outlet (going from the house to the street) is almost 4 feet above the basement floor level.

@Jill Patton I used Cozy for my last round of applications.  

My biggest reason for getting it was the frustration of relying on other real estate agents that would drag their feet and not give me what I was asking for or give me comps on a totally different properties, altogether.  

BP is the place to be if you want to get your feet wet with real estate.

We are 700k financed and currently in the process of raising a bridge round of 500k to get us to a Series A round of about 5 mil.

Let's rounded to $400/mo/unit to simplify the numbers.That is an income of $1600*12/yr from rent ~= $19,200Now, expenses:Maintenance: $9,600/yr (50% rule)Taxes: Around 1% ( lucky New Mexicans): $1,700/yrMortgage Payment ([email protected]%): $763/mo ~= $9,150/yrInsurance: Around $1,000/yrPossible Cashflow per Year: 19200 - 9600 - 1700 - 9150 - 1000 = (-$2,250)A negative cashflow does not look so good, but here are 2 opportunities to increment it:1) Increase rents.

You typically won't start seeing significant response rates until after your 3rd or 4th round of mailers.