With our grand plan in place and permits in hand, we started our bold journey into construction.  

Be bold about spending money on the right things.

Especially with your income compared to the potential losses you will incur at some point - and you will incur losses, it's just a matter of when and how big - that's part of the fun of learning.If I were in your shoes (and I do have some similarities, being 23 and having just bought my first place outside of LA for $425k last year,) I would take a far smaller amount of your $550k and take a bold-but-smaller-step.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Dory: For your information, if it is not allowed for a sales to be less than A1, then why is there a provision in the statues that states that (I put it in bold) states if it is sold for less than A1?

If that seller above had no agent, I might not have been as bold to do what I did. 

Thanks :) Responding to the part in bold.

What the hell, here's another quote i love, "fortune always favors the bold" - Virgil.Hope this helps.Will

You want to be present or on the conference call at the time the offer is made and LISTEN CAREFULLY and PROBE BOLDLY AND STRATEGICALLY.

I have certain things I want to know about a note before purchasing so this allows me to enter the details (bold items) and get a good picture of its value and return over a period of time.