Have you ever used your real estate or mortgage license for your personal transactions?

You might be more than 10% or even more than 100% on the hook with private money especially if that came with a personal guarantee…

if you buy a property at market price in a good neighborhood - you will break even or lose money.and in general, if you're serious about this, i'd recommend going to your chosen market in person, probably multiple times, to set up your team. 

spend time there in person. 

Since the S&P 500 averages around 10% annually I personally don't see a point in investing in a rental that's not going to at least beat that.

Hey BP I have questions I'd like to consider myself a strict person when it comes to screening my tenants recently I have a few section 8 applicants.

Is it feasible to finance both properties simultaneously, or should I wait until next year to sell and purchase my personal home?

Check out the info at biggerpockets.com/conference but feel free to email me personally if you have more questions: [email protected] SEE YOU IN CANCUN! 

Each person can provide a recommendation for the appraiser and the other party agreeIf you cannot agree on an appraiser then you sure as you know what will never come to an agreement on the price.Another option is to list it and you have ROFR

Turned into a great rental, that down the road will make an excellent personal or retirement property.