My focus has been in Lexington because of my familiarity with the area, but Louisville seems to have more options in the small multi-family investing (my preference!).

Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.

Anyone who’s ever hired someone for just about anything knows that different people have different preferences. 

I just finished Brandon Turner's book on rental properties, and plan to continue to read more.I understand that Norada is a promoter, and prefer that given that they are agnostic in how they recommend properties.

I am an Assistant Property Manager and we have a few owners who prefer to manage without paying a fee monthly, but they will use us to help secure qualified tenants.

Owners come primarily in two flavors...the Micromanagers, that know more than you; and those that prefer being oblivious and not bothered with anything but the most significant incidents.What I have focused on is developing solid systems and processes in all operations with the goal of prevention, rather than constant corrections.

Call your lender and ask them to confirm underwriting has everything they need from you, ask when they will issue final approval and follow up on that.See if the current owner will share their preferred vendors for the property with you - begin to reach out to them and introduce yourself.Have a discussion with your family about what items from the house you'll be taking with you.

I have units with the Schlage Encode and others with the Kwikset Halo and I far prefer the Kwikset.

But would also prefer a not so negative cash flow.

They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.