One of my biggest questions is how do I know how much to bring with me? 

Purchase price: $55,000 Cash invested: $155,000 I just recently came across a post on the BP forum "Seeking Biggest Mistakes" and figured I'd share mine.

The biggest issue is we have to close BEFORE 10/4 which is very tricky on our timeline -- otherwise the state will sell the property regardless of our transaction 

We manage the biggest building in town (roughly 26,500 sqft and 20 tenants), but it's run in a pretty informal way.

Turnover is your single biggest expense.

If we can't provide that service then most sellers don't have a lot of incentive to work with us, at least in my experience that is the case.

We have seen the biggest bottleneck for us is on the lending side, especially with the appraisals. 

"My agent suggested that I put 10% as my due diligence to win the property" - that's 50-100% of your down payment depending on which you go with, the biggest question is: are you willing to walk away from that $ if things turn sour? 

The biggest lesson learned is doing the work yourself does not save you money.

The biggest lesson learned is doing the work yourself does not save you money.