But be honest with yourself..... was it really inspected and ready to rent or did you overlook some stuff and cross your fingers as it being "good enough"?

I purchased a duplex exactly a year ago for $209,000 and it is closing tomorrow at 12pm (fingers crossed) for $248,650. 

This is the route I'm taking and I believe at the worst case, the experience I get will help me on my next deal if the first one comes crashing down for some reason (fingers cross it won't happen) and at least I won't have too much equity in it.

Fingers crossedI know I did not answer all questions but I hope this helps.

Haven't used it yet but planning on using shortly.... fingers crossed.

Keep your fingers crossed for us!

I have my fingers crossed for that person, that sounds like its gonna be a mess.Trials and tribulations of real estate investing lol

BiggerPockets is a great place to do this and this community/website has tons of resources at your finger tips.

Crossing my fingers!!

As far as work on the home, haven't lifted a finger and we're about 14 days from finish.