I would leave the tile and spend (way less) money on a *good* paint job with colors that would look good with that beige-y tile.

If I could put down more money obviously that would decrease mortgage but I need some left over for closing etc I cannot believe that some people with thousands up up votes think this could be a good opportunity.Here are some thoughts/comments:- At current rate and those rent points, 1% is large cash flow negative at high LTV.- market rent is ~$2400/month but PITI is $2150. 

You’ve identified a solid way to save money on commissions by handling one side of the deal at a time.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

There are many reasons we transitioned from NY to TN:Taxes: Tennessee's tax-friendly environment means we get to keep more of our hard-earned money.

People that have "amazing deals" outnumber "people that actually have money to execute on them" by a ratio of 10:1 or 15:1.

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

Is the real advantage to anyone owning NNN to get a relatively secure return on money whilst not having to deal with headaches of property ownership? 

It's not fool proof but I've weeded out a lot of people this way without spending money for marketing. 

A conventional conforming fannie/freddie type loan is made using strict uniform criteria (aka conforming) so that the lender can originate the loan and then resell the loan on the secondary market and recoup money to lend out again.