You could otherwise use that money to invest in additional properties which will contribute further to your returns and the tenants will pay for your debt service.Both are okay and you will make money, but if you goal is to grow your investment portfolio, hold long term, and realize property appreciation then debt service is probably needed unless you have deep pockets.

But quite honestly, biggerpockets forum gives me hope in humanity... amazing ppl that are willing to help each other to make money and become financially secure. that is pretty awesome.  .. sorry if tats too deep :) haha   Perhaps once I get situated with where I will be living, we can get together and talk investment, if your still up for it :)@John Kent - how do i get in touch with the investment groups you mentioned?

I am already neck deep in the podcasts and the free book provided.

But I am hopeful that you will reconsider the purchase price and really dig deep on the true costs of operation.  

He's been working with investors and understands that many of us want to "go wide" before we "go deep" by paying those loans off.  

Footings would be 5ft deep or so.

I do not intend to just sit on the sidelines...I want to be knee deep in the business. 

Personally I like working with agents who are or have been investors themselves (with a strategy similar to mine) and have a deep understanding of the micro market I am targeting.

At least they are licensed and have access to MLS.. and because they have been in the game for years they fully understand the transactions and have some pretty deep pipelines..

I was so relieved to finally be past all that nonsense!