Sounds like you did not do any homework and its going to kick you in the butt and it sounds like you gambled on this one. 

There are a lot or resources on this website, and also great books offered that can help you kick start your adventure in REI.

Definitely up, so the gamble on rates cannot go your way.I had one ARM in the past, and it went my way when it adjusted, but only because the market collapsed.

@Harry Gamble The cost of insurance will vary greatly based on the individual property types, specifics, and locations.

I look forward to learning as much about real estate investing and strategies that will allow me to create a lifestyle of financial freedom and adventure!

Good luck to you and your adventures.  

I'll keep an eye on your blog to see how your adventures turn out. :)

I know its treated me well all these years and has led me to some pretty incredible financial adventures that wholesaling simply could not do.But if I lived in some of the rust belt markets or other markets were there are literally more homes than people to put in them. .I equate that as nothing more than being a used car salesmen.. price points are the same. style is the same.. once your done your done.Where real estate gets good is 10 to 15 years into it ALL of your business should come from referrals.. this simply will not happen in wholesaling.. wholesaling your just as good as the last sucker you talked into selling their house to you undermarket  :)

: )    Looking forward to a much more exciting adventure with RE investing :)

I'm 19 and just starting my Real Estate adventure.