Do not fall on a brokerage that offers or aids you in getting your real estate license or will reimburse you for your RE license because those are just to bait for new agent or to get people to sign up.

Michael, the promissory note has a clause that if the appraised value falls below the purchase price the balloon an can be extended XX months.

I am a newbie investor who just launched my very first investment property as an STR late last fall.

And yes the 600 would not include vacancy and stuff like that but I'm looking to start with around $25k to fall back on

You fall to the levels of your systems” “Man conquers the world by conquering himself.”and “Man in the Arena”🍻 

A well known, senior Builder in my area quoted this new build from the same prints and for the same lot in the spring of 2021 after buying the lot in the fall of 2020. 

Reminds me of a saying my friend always says when a deal fall through, "It's just a house, they build em everyday."

She has already been a victim to a push in robbery a couple years ago because of him, he was the intended target. 

@Andrea Evans I think:Worst Part - Lots of pitfalls you can fall into if you do not know what to look for like buying and property taxes double, suburb rental license, buying a property with violations, not understanding the importance of lease documents, etc...Best Part - There is so many opportunistic corners or niches in the city and suburbs that most out of state people do not know about and out of state investors never get to cause they get caught looking at cap rates on the south side and in south burbs. 

My property is in Brighton and will be a condo conversion, planning to sell this fall (currently an up and down duplex).