@Roberto Moita your risks reduce if you learn your target market correctly and get a great team in place from the getgo.Out of curiosity, what other markets have you been looking at?

Just out of curiosity what market is this in?

It will important to complete this as a direct rollover (rather than 60-day indirect rollover) to ensure that the holding period that has accrued on the existing Roth 401k will transfer to the Roth Solo 401k (i.e. you don't have to re-start the 5 year clock).3.

Just for curiosity's sake, im a new investor in the Augusta area.

Out of curiosity:  what zip code is the property in?

Out of curiosity how did you come about this property?

Received about 50% down, remaining 50% seller carry back in 1st position, structured into 3 equal balloons (due after 3 months, 9months and 24months), Interest accrued and paid at time of 1st and 2nd balloons then paid monthly for period after 2nd balloon.

You could work for a while and save up before going to college or work part time while going to college to reduce the amount of debt you accrue.   

I looked and below where it says "The Minimum payment is: 1% of your accounts principal outstanding balance on the last day of the billing cycle or $50.00 or the accrued finance charges;whichever is greater.I feel like I'm screwed now.

Also, out of curiosity, how did you overcome your fears?