Any thoughts or guidance is very much appreciated and worth a big fat steak dinner if your in my area or coming thru!

. $120k is a fat salary for an individual (although if you are wanting that yacht life, it may be a bit low...).

I would concentrate on getting it rented out now, and put finding a new property to live in on the back burner until after this is rented.$800 cash flow is no joke, and to have to wait, possibly for another 4 years is not my first choice.Get it rented, and move your stuff into a friend's house, or a storage unit until you find a property you can buy.

Cut to about a year later, my brother buys a home for his family and the big-time real estate investor plan sort of fell onto the back burner.

This is sort of a back burner for now.

These items I mentioned are the only real fail-points, since the rest of the heater is essentially just a metal bladder and burner.

Sometimes it takes a fat check like in your case.

I'm beginning to see why Banks want to turn away business for such small sums as say less than $50k, because their FAT flat fees do indeed make it true that "much higher legal fees make not a big difference in bigger deals, it does in smaller transactions"!

And with all the money you saved from living there for free or almost free use it as a fat down payment on something nice and have that cash flow too.

Cut the fat from the deal.