@Hal Thompson You're absolutely correct.  

Hal,                         As a new investor, I'm full of doubts.

@Hal Thompson brings up a good point, you might be able to refi the remaining loan and assume it at a much more attractive rate, which could make your margin more acceptable for a buy and hold. 

Hal

@Hal Thompson - Thanks for that checklist, I will be certain to follow it from now on!

@Hal Davis, did they offer interest only payments?

Stop saying "If", start saying "when" and then make the transition to "do".Grant Cardone, Hal Elrod, Tony Robbins - These are the names of authors you should get to know and get to know very well.

Best Ever Apartment Syndication - Joe FairlessTraction - Gino Wickman Extreme Ownership- Jocko Willink Advanced Tax Strategies - Amanda Han and Matthew MacFarlandSo Good They Can’t Ignore You - Cal Newport10X Rule - Grant CardoneRaising Private Capital - Matt Faircloth Vivid Vision - Cameron Herold The 4 Hour Work Week- Tim Ferris The Miracle Morning/The Miracle Equation - Hal ElrodThe Hands-Off Investor - Brian BurkeRich Dad Poor Dad/Cashflow Quadrant - Robert KiyosakiNever Split The Difference - Chris Voss Crushing it in Apartments and Commercial Real Estate - Brian MurrayMulti-Family Millions - David LindahlWealth Can’t Wait - David Osborne Miracle Morning Millionaires - David OsborneRetire Early with Real Estate - Chad Carson I’m sure I’m missing a million others, but this ought to be a good start!

It's a common tactic in book publishing these days, just like Hal Elrod's 50 different versions of "The Miracle Morning" which could easily be condensed into a 20-page pamphlet but instead he takes the same information and "customizes it" for single moms, Christians, plumbers, people missing more than two fingers, etc.If you haven't read any books yet, I think you'll do fine with Brandon's latest or his original since they both contain the same basic information.

Hal:  You can finance properties held in a corporation.