Here's the idea: Investment $480,000.00 Down Pay 20% $96,000.00 Total debt $384,000.00 Debt pay /6yr $64,000.00 Debt pay /mo $5,333.33 Rent /mo -$3,200.00 Liabilities $2,133.33 Again, I'm a novice at this.

I’m a total novice and am interested into becoming a business owner!

We are in the same boat, novice commercial property investors looking to get into the game.

You'll also likely go against some novice investors who have some cash to dump and just want something.... again probably not all that worried about numbers.

At an 8% cap rate a novice seller would think his property is only valued at $250,000!

OTOH, as a relative novice, there is added security in knowing that so much of the initial work has already been handled.  

I got the offer accepted but as a novice (property #2 - first duplex) I am second guessing the decision because I broke my own rule of not getting a "deal". 

Novices rush out to buy the first house that they see.

Clear lake (houston) TX. 2b/2b condo 1000sqft
4% cap. 100% equity.
Purchase price plus all fees plus repairs $90k
Appreciation 5%
Market value $85k-$95k
Currently rented to a good tenant who pays on time with...

It is NOT a loan where you get the cash to run the project or even do the work yourself. it is designed for the novice rehabber with Lender oversight.