I agree with the closer to the metro the more expensive a property is, but also provides more opportunity.  

I agree with Alecia about only screening people over 18. 

I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.

I agree with @Becca F. that hard money rates scare me.

However, you can make changes as long as all parties agree.If the tenant agrees to removing certain clauses, or starting with a new lease, then you can move forward.

I agree with you though I'm not willing to buy a short term liability in the hopes it will appreciate. 

I agree with your advice on specializing in a particular asset class, and I’m committed to refining my expertise in this area before expanding further.

I agree with the other posters...25% down seems a bit high.

@Kathie Mata well obviously we don't agree.  

@Zach Denny - I agree - chances are the institutional lender won't be comfortable with an owner-financed 2nd and 100% combined loan to value.