Recently purchased 2nd property continuing with strategy of rentals focused on new/young families in an area with one of MN's better school districts, near airport and a confluence of highways to easily commute to the many fortune 500 companies in the area (if commuting is still a thing) What made you interested in investing in this type of deal?

@Brian Silvia Different folks have different criteria, but I think the numbers you provided make for an outstanding deal.

@Cameron Snyder -It seems like you have received good advice thus far, but to summarize:You can use your net proceeds at the time of close to paying off any outstanding loan on your property.

This bit, I truly don't get and would appreciate the help of vets out there - is the bank attorney mostly looking to cover their outstanding principle on the foreclosed loan?

For instance, if you’re looking at buying older units and tenants have an option for a brand new apartment complex, with outstanding amenities, they could choose the latter.

https://www.wlky.com/article/h...Jenkins described the excitement around the new Harbor House inter-generational center being built off of Lower Hunts Trace near Dixie Highway.

If you have outstanding credit card debt that isn't paid off each month, or a car loan that rivals rent prices (or both in my case), don't get into wholesaling. 

These markets often have outstanding initial cash flow that is often critical to RE investors when they are just starting their RE investing.

The contract said that all outstanding charges must be paid.

If I were to invest there that would be an ideal path.Like I said Oshkosh isn't just down the highway from me so if there is something specific you need assistance on feel free to contact me.