You also did not say what your type selection is, makes it kind of difficult to answer what you should do and if you have saved any money for a down payment. 

I've done that before and it's not that difficult. 

Hello TomA lot of the rooms on craigslist that I've seen over the years have lots of restrictions and rules which can make it difficult to find a tenant for a room.

Unless you have a crap ton of properties its fairly easy to just update the numbers once a month by logging in to your banks website and copying over the new principle balance figure. my excel simply shows property address my estimated value, the debt amount and calculates total equity. 

That also makes it difficult to answer your questions. 

so I would only net 60% of the balance after the dust settles.I have enough to make up the other 40% in non retirement money so I can still close the deal. 

Has been difficult here in Colorado to find mortgage company to loan to LLC. 

In fact, I'd say it's more difficult, but that's just my opinion.

This is a very rewarding business for me, but it is also very difficult and at times extremely stressful and even alienating from the kind of lives most people lead in our society.

Typically 1% of the outstanding loan balance, some borrower will negotiate it down to .5% for the first assumption.