I am going into my sophmore year at West Chester University majoring in Finance.

Six major downtown condo/conversion/historic building projects getting off of the drawing board.

Taxes, Utilities, the Economy, Competition.These and other factors will effect your Commercial Investment and you have NO CONTROL over what they might be or do in the future.So what is the one MAJOR ITEM/EXPENSE you can control???

Also, all the major firms (Century 21, ERA, Keller Williams, Coldwell Banker...) offer the pre-licensure class for free.

I already know where I want to buy, it's just a matter of going through the hunting process to find a decent deal, and then fill in all the blanks as to what's involved in buying a property (i'm tellin' ya, i'm a major newbie, but that's part of buying this property, to get a little more than my toe in the RE water).daniel

Have a major insurance company look at the property before you offer and say they'll carry it or contact the sellers guy (they're getting so pickey) and make sure those taxes/insurance are calculated to the month (don't accept old records) to know exactly what costs are going to be.

I was NOT ready for the pervasive attitude that the majority of these welfare recipients have - namely, the world "owes" them.

So where are the majority of you from?

There's three major ingredients to a transaction:1.

I know how to get 100% financing, and even how to roll the closing costs into the loan, but my question is after closing.What happens if a major problem occurs in the rental property, bad roof, flooded basement, or some other major cost disaster?