In addition, know what your weaknesses and gaps are to successfully invest in real estate.When you know your strengths and weaknesses, you want to find a person who has complimenting skills.

Ask him why he thinks you should pay more than the home is worth.If you're in a very competitive market, the builder probably has a lot of other buyers lined up, so you're in a weak negotiating position, so don't expect flexibility.If you decide to move forward, comfort yourself by knowing that the $1,900 difference over a 30 year mortgage will be so small that you won't even notice it.

Add a carpet.Your door is a weak spot for sure so get some peel and stick weather stripping that the door will close onto.

I have done both and they  both have strengths and weaknesses.  

Per my Dyches Boddiford / John  Hyer seminars I will admit this is a weak setup (S-corp to self manage rentals that you hang a solo-401k off)... 

The passive partner example if you have 200k,300k etc. might be a good fit because putting 200k down on something yourself is likely a rural type area with weak tenant and higher risk.I hope this helps.Thanks for considering my company. 

That's buy into weakness, sell into strength...

I have a tenant that is chronically late on her rent payments. 

You can also discover your own emotional and psychological strengths and weaknesses. 

Very weak communities in Pensacola.