I would encourage you to reciprocate and pay it forward as well.

@Ben Narro, Really, that is encouraging man.

Thanks all for the advice and encouragement.

There are many SDIRA custodians, I would encourage you to do some research to find a custodian that fits with you.

SMALL CAVEAT:  This convenience encouraged my customers to make deposits of whatever amount of money they had instead of waiting until they had it all. 

My biggest concern would be that if you focus on the roadblocks, that is all you will see.I'd encourage you to focus on the ways you can make money in real estate.   

Thanks for the encouragement you guys!!

Not sure how much a ES is going to be in your area, in our local market depending on the type and pahse the cost fluctuates - also fluctuates with how quickly you may need it.Loan term you described not bad the 80% LTV is good - the amort is good, the arm is typical, origination ok - you can likley get a non-recourse (thats your rate quote - will change until you lock in)Check the prepayment clause, normally it is setup as a step downYou can likely ge t a 7yr. loanI would encourage you to seek a local bank on your first deal, establish a relationship, perform and repeat :) Originally posted by @Tony Castronovo:First, I am learning that "typical" and "commercial" should not be said in the same sentence. 

Thank you all for the warm welcome and words of encouragement!  

Thanks for encouragement.