Just want to be as smart as I can in going down this road.Thanks so much in advance for any thoughts you have.Nicholas

Don't skimp on either if you can help it, they will keep your pockets fat and out of trouble!  

I look forward to learning as much as I can and also helping others in any way I can in achieving our financial goals.

i apologize about the bad spelling fat fingers on phone and i have yet figured how to fix or edit it

Now, if you want a pet, it's 1/2 month extra in security deposit, AKC Canine Good Citizen certificate required, vet records showing age (no puppies), breed (no restricted or mix of restricted breed) and current vaccinations, proof of legal city dog license, and renter's liability policy, minimum $100K with me listed as additional insured.  

I have my eye on a really nice property right now and looking to learn everything I can in order to make this transaction a success.  

My out of state efforts have been quite good so far, high gross rental rates and properties that are relatively cheap to maintain (I can gets things fixed much cheaper than I can in CA).

Hello All New member my name is John, Newbie investor and looking to learn all I can in purchasing my 1st property

I've seen disasters take place from:1 - Not moving fast enough from deal to deal2 - Not understanding the "cash like" status of these funds3 - Not setting aside a Cash Reserve of one full year from the original funds, and...4 - Not expanding the width of your system in order to compound the use of these funds as well as "refuel" the cash reserve as needed.5 - Not prepairing properly (see #'s 1-4 above) for the 13th month, and/or...6 - Not knowing how to get the 12 months, and the available approved balance increased BEFORE month 13.These are just a few of the issues to deal with.Here are a couple of advantages:1 - You may never need to get any future funding...ever.2 - You can, if you understand the methods of use, quickly expand the use of these funds.3 - You can, in a very short time, depending on the market (by that mean you must be in the correct market) you are in, get to a retirement value of cash flow.4 - Used propertly, the initial (and only) cost of the funding will be insignificant.  

To them, I'm sure I'm some fat cat investor--not just someone else holding a mortgage, trying to do better than watching my retirement IRA dwindle away.