Overall you need to do some homework and examine what gives you the best exit strategies and go with it.If you need any help with insuring that property please let me know.

How can I examine my local market to calculate what cap% and/or cash flow that buyers in this area are ok with.

There seem to be a lot of fees on this $48,750, and I dont know which ones I can negotiate or whether any of them sound bogus:Total Loan Costs ($4077):% of Loan Amount (Points)Admin Fee: 150Loan Origination Fee: 700Processing Fee 575Underwriting Fee $795Appraisal Fee $550Credit Report $50Electronic Income Check fee: $20Flood Certification: $12Mortgage Elec Reg Sys Fee: $12Tax Service Fee: $90Title - Attorney Fees: 795Title - Closing Protection Letter Fee $45Title - Lender's Title Insurance $133Title - Title Examination Fee $150Other Costs ($2236): Recording Fees and Other Taxes: $90Transfer Taxes: $213Prepaids: $661 (Homeowners Insurance (1 year) and Prepaid Interest)Initial Escrow Payment at Closing: $800 (Homeowners Insurance per month for 2 months) + Property Taxes $100 per month for 7 monthsOwner's Title Insurance: $472

So the time has come and I scheduled my real estate agent exam for the end of August. I’ve heard how difficult it is and that a lot of pros have failed it. I study the vocabulary terms daily and got the wisconsin real...

@Dan Perlman, I’m pretty confident that you will not have a problem. “4155.1 4.D.1.c Analyzing a Borrower’s Employment RecordWhen analyzing the probability of continued employment, the lender must examine the borrower’s past employment record qualifications for the position previous training and education, and the employer’s confirmation of continued employment.The underwriter should favorably consider a borrower for a mortgage if he/she changes jobs frequently within the same line of work, but continues to advance in income or benefits.

Hey guys, I'm all nerves so tell me everything's going to be fine please.

Wish me luck guys, the beginning stages are nerve wrecking!

That's an interesting thought @Richard Weinberg, I shudder to think that that's the case, but then these days seems that companies are unwilling to examine the conflicts of interest they are creating when they attempt to enter horizontals/verticals to continue providing growth to the market!

@Thomas RutkowskiWell, you’ve got some nerve I’ll give you that. 

That can lead to picking an awful tenant that just doesn't have a social media presence for you to examine.