I have a feasibility period of 30 days that allows me to terminate the contract within 30 days for any reason (minus $500.00 from my earnest money)My question is, do I go back to the broker and inform him of my reservations, and offer another price that I would close at?

Such expenses can include travel to and from a property, out of pocket costs to make a property to look presentable and any cost to a broker to maintain a license.Since she is considered self-employed - she may be eligible to put a large portion of her earnings towards a retirement account.Since you plan to acquire more properties - you should make sure the depreciation is calculated correctly.

I also have worked with loan brokers that charge points.

Even those succeeding in that space at scale have to constantly push and/or pivot with growing competition, average home prices and state-specific laws surrounding brokering!

I have been living in Austin for over 3 years now (obviously love it) and I've been in commercial real estate working as a tenant-rep broker focused on retail properties for the past year.

You are giving Commercial Brokers a bad name.

Your next step is to talk to a mortgage broker and find out how much you can borrow and at what rate, then you can do some math and start looking at investments that will earn you that spread between cost of money and the new investment.

Go to meetups and meet other investors, analyze deals, call brokers, etc.

Find yourself a mortgage broker to shop the market for your for financing.As far as which to purchase first, home or rental, it depends on what your priority in life is.

Look at who is the real mover and shaker in that space in your area.Mortgage Broker: To a lesser extent they can help out.