Quote from @Matt M.: Never heard of closing connection, but make sure anyone is underwritten by one of the big boys.

Look into FHA loans for 1-4 units and check in with @Joseph Chiofalo for first time investor mortgage overview.

Hi @Nathan M kiefer,I'm currently only hosting my sixth guest in NMB, so my input is not as informative or deeply experienced as yours.

Quote from @Daniel M.: Hey BP!

Dave M's regular co-hosts of Kathy, James, and Henry offer diverse regional and investment styles. 

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/..Wishing you the best

I used F&M Bank there in the same town to give me the full purchase price of 325k.

Quote from @Joseph Gonnella: Agree and disagree with what Jonathan and others are saying.  

Then you need to materially participate in the activity, here are the tests to meet MP: https://www.investopedia.com/terms/m/material-participation-...I recommend tracking your hourly diligently in a material participation time log.

Our financial goals are as follows: Year 1 ($100K in net profit), Year 2 ($250K in net profit), (Year 3 $500,000K in net profit), Year 4 ($1 M in net profit).