As I mention in other threads this business can be trench warfare, I would take this time to understand what you are committing yourself to and prepare by building the necessary components of an operation, not tangential fluff.

(Sold a business and have high income this year)  We agreed on: 5% P&I, 10Y Balloon, and 25y Amort.My Questions is: What if I suggest to him that we do SAME Amount of PAYMENTS BUT principle reduction payments and Not have interest component. this way i pay the property off faster.

It's especially sad when evictions are due to health issues. 100% of the evictions I've had to execute had some type of health issue component, either real or made up.

Is every possible component and appliance brand new?  

Here is a link: https://www.amazon.com/How-Limited-Liability-Compa...Asset protection is such an important component of starting and running a business, especially one such as real estate investing.

You should have a commercial attorney that specializes in retail,medical office, etc. do the lease and other components.

This is the assignment component. 4) Yes a buyer could attempt to deal directly with the seller but be firm with the buyer and tell them if they do attempt to do that then you can't be doing business with them. 5) Investor meetings primarily, calling people on craigslist who are renting properties and ask them if they are looking to buy more, can do the same with "for rent" signs you see in a neighborhood. 

However if you make it to his big event which does cost a fair amount of money .. the content is quite detailed and you will learn how to or what to do to find rehab and resell.. and a lot of detail about rehabbing from all major components costs etc.. one of the big rooms is a deconstructed house and he has experts in from each trade.. 

But increasingly are interested in small multi family or commercial properties were we can bring a value add component to the table.Our biggest criteria is does the property break even or have a decent return if we do nothing, and then are there other exists? 

That is an important component in this space, and so far everyone seems to just want to manage Notre Dame grad students...