My best educated guess would be roughly 10K max including escrow.

The house appraised for $280K, and 3 weeks later we closed.I guess my question is: for my own personal investing purposes, would this be a good place to start when looking for a property to invest in?

I guess you're getting some hotter than usual temps up there this week.

Thank you so much for the reply...................your 100% right, i guess the contracts will vary depending on both the sellers needs as well as my needs (my exit), oh yeah and i will be checking out that book you recommended, THANKSso i guess its time to get dirty, LOL

Well I could see that theoretically if you were buying the property with any type of entity, whether that be a trust or a corporate entity, and that entity was listed as the buyer on the contract you could assign (or rather sell I guess) that entity to your prospective buyer/assignee.

So, I guess your BiggerPockets are too big for your britches?

I guess those numbers appeared more real to me than everything else I had run on the sheets and done.

Thanks guys, I guess I'm concerned of the fact that I'm putting so much trust into a contract thats drawn up by the agent which is representing the seller.

I guess for now I am more interested in commercial and land, and plan to park it here until the market strengthens.

I guess I have two conflicting opinions on what is happening in this industry:First, having worked with many small business owners over the years, it's my opinion that the vast majority of the small businesses that fail, do so because of a lack of business/marketing planning.