Before getting overwhelmed, calm down, and realize that everyone has different stories.

@Preston Gealy I recommend you become very familiar with waterfall structure, hurdle rate, IRR on financial side but also financing and management side as well.

I can see where you are hesitant, I was as well with my first but you can’t “calm you nerves” until you make your first purchase.

Looks like I will be passing on the HELOC option for now as well.Thanks for providing additional information to consider and calming my worry of property values dropping.

Of course it helps to have general return thresholds you are targeting, which includes knowing what your fees and waterfall looks like.  

I can calmly tell them what's what and when Big Tony, Sammy Feet and I will be returning to address the issue personally if necessary. 

Plus you're in a good spot where you can make a calm decision about the sales price.Good luck and find a great property or two locally that you can manage easily!

Being able to make calm, rational decisions without being forced to liquidate can save your fortune, you marriage, and possibly your life. 

Our contractor is suggesting we leave a small gap of ~3" from the wall to where our cabinets and appliances would come, but our concern is that this would lead to food/water falling through the large crack and being hard to retrieve/clean.

Hello, My name is Eli and I live in Mesa Arizona. I have been here for 3 years and recently bought my first house at 27. My reasoning was not to start a family or work towards furthering my education. I believe I have...