Should cash flow be my main concern?

The Noteworthy store, offers other books and the main site itself is a great resource.

The key is to find a motivated seller and to bring value to the table Finding those sellers is my main concern for the immediate future.

REIA group, and the main reason I go, is to Network with the other attendees.

These deals that come from these agents are not on the MLS and thus, not in competition with your one main agent scouting the MLS for you.

I would be concerned about the slope of the line to the street when they replaced it.If the slope isn't right or they have funky bends in it to go around big roots or above them that's when water and debris can sit and cause constant clogs.About every 3 to 6 months the plumber then has to come out and scope the clean out outside to unblock.If material is with dirt etc. is back up in the toilets or they slow drain or make a gurgling noise with bubbles you could have an issue.Make sure as mentioned before buying you get a plumber to scope it out all the way from the toilets to the main and the street to make sure there is not any issues with slopes or clogs.I have heard many horror stories where a buyer calls the county or city and they say on the phone that everything is fine and after they buy it they get hit with all these costs,fines,etc.If they won't give you something in writing I wouldn't feel comfortable about it but that's just me.So this was an existing line to the street and not a sewer tank that they converted later and hooked to the city or county correct??

In other words, if the property has a mortgage and the property is sold to another person without the mortgage being satisfied, the sale can be nullified since the mortgage is superior to the sale.Typically when you purchase a mortgage/dot you will check title but that is mainly to look at future title events post the recording of the mortgage.Hazard Insurance or alike (flood, wind, etc) is updated to reflect the new mortgagee or the owner of the asset.

"land being sold in the area"Just like you compare houses you compare the land.Has to be apples to apples.You can't compare a commercial piece of land or main street frontage with a residential lot in a subdivision.Those are two totally different animals.The tax assessment has nothing to do with value of the lot.

Thanks in advance :)4 Unit Property (3 units in main house + coach house)Price Paid: $280,000Money Down: $56,000Monthly Payment (Incl Ins + Tax): $1970/moCurrent Rents: $3665/moThis is the basic breakdown without me living there.

The main takeaway being that I really want it to look like a business and not a hobby.The financial accounting piece is also critical.