first of all, I would like to thank you for your service to our country.Second, enjoy this site and I know you learned from previous deals and the next one will be a winner.

A couple points:- First, unless you're doing it because you enjoy it (and for no other reason), I never advocate for doing your own rehab work.

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case StudyOh - and be sure to set up some Keyword Alerts- especially for "Reston" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

We got in a little after the bottom and have subsequently enjoyed the appreciation of the past couple years.I literally didn't even know about TK before joining BP.

So, I have seen every aspect of the business and feel extremely thankful to have a family who has let me "learn the ropes" from bottom to top.What I most enjoy about property management is being able to change a property owners attitude about the business.

I don't want anything from them at all and just want to see people enjoy the process and not get taken by the incredible number of traps and scams out there.

Its not very expensive, and the CD's are actually pretty enjoyable.

Buy one on a highway in the way of growth or redevelopment and enjoy a 10 cap while waiting for a developer to take you out at a health multiple to what you paid.

Once again, welcome aboard and hope your journey is both profitable and enjoyable.

, so the brother doesn't have this money tied up too long...if you have a principal-only loan, you will have paid down the loan significantly after 10 years, and can probably re-finance the balance; you'll have a good amount of equity in the property after 10 years (or whatever you negotiate) of renting it for positive cash-flow.Lastly, it looks like you're looking to buy for cash, essentially, when perhaps you should consider leverage - you could probably control this property for $5,000-10,000, which would provide some cashflow while building equity and enjoying tax advantages of property ownership).Thoughts, which I hope spark your creativity....best of good fortune to you.