I interview a lot of investors during our wholesaling and hard money adventures and see some really common issues I am going to try and address in this diary.

We are extremely excited about our new real estate adventure and due to our circumstance, this seems to be the best way for us to get our foot in the door as well as get in our very first place together this year.

Very first driving for dollars adventure, and my partner and I came out with a duplex portfolio we split.

You need to look farther out to the south and Midwest for cashflow if that is your strategy and you aren’t afraid of gambling for appreciation.

I do listen to excellent podcasts on Bigger Pockets and am currently in process of doing my second "buy and hold" deal most probably in Jacksonville FL.To all my knowledgeable friends here,  I want to say you do a  "Great Job" teaching others (through discussions) so that Real estate becomes a joyful adventure where newbie investors like me can gain from superb advice !!

Welcome to Bigger Pockets and congrats on starting on your adventure.

It sounds like it could be a solid first adventure, but as @Thomas S.

I've never structured seller financing.I've thought of a near full price offer with interest only for 5 years (a little gamble that rents will continue to rise and values will at least stay steady) or the financing and paying them $225ish.The owner said my proforma seemed faulty accurate (I lose $206 monthly after moving and fully renting) so there needs to be wiggle room for win-win here.Asking the BP universe: what offer methods and tactics have you found to be most successful?

I got a wife and 2 kids, I don't think that gamble is for me... thanks for the quick reply 

All we know is now, and everything else is a gamble, so if you can afford to cash out refi now, now is a good time.