Good Afternoon BiggerPockets Community,I am closing on my first deal in Litha Springs, Georgia in early December and am excited to tap into the Georgia real estate market. I am very interested in networking with realt...

If you were to pursue the deal you should have the property inspected to determine the condition and life expectancy of all major components and appliances.  

In June, I knew I didn't know enough to begin pursuing a deal.

Is it an advisable deal to pursue or should I get my debt2income ratio down and wait for another deal?

I don't know how quickly yours get tenants, but if it's not rented in 2 months you can decide if you want to pursue the legal action or not for the remaining month.   

But let's be realistic here, that person has been there already for 25 years, and if God-forbid they did hurt themselves would they have the money to pursue a lawsuit? 

Out of curiosity what is the driver for additional cash down if I pursue something over 4 units?

I've blogged about how much I hate dealing with banks, love the owner financing option, but I'm learning the benefits of really developing relationships with bankers, especially as you pursue additional deals.

If you pursue a HELOC you will find the same problem.  

Connecting with others is ultimately the right way to pursue this!