So I get out the ironing board to put my husband's suitcase on. 

I just recently moved back home to NJ for work and decided to move back in with my parents (not fun but ironically closer to where my job got transferred rather than getting a place) so I am saving a ton more money that will hopefully enable me to make my first deal this year.

Invest and forget is somewhat risky in real estate, ironically requiring lots of due diligence.

It's honestly been a big learning experience for me just diving in and ironing out things as I went.

The more irons you have in the fire, the greater your chances for success. 

My own family went through, and even met with, like 6 contractors in Iron Mountain before one actually followed through with everything they said. 

Terms have not been completely ironed out.

Just get a proper home inspection and investigate the basement quality, electric type (i.e. knob and tube, aluminum, ungrounded, modern romex), plumbing type (i.e. cast iron, galvanized, pvc), and just be overall ok with an older building material.

They wear like iron and look pretty good!

We liked it except they had some real issues with accounting but I heard they ironed that out.