I'm meeting with my agent today to discuss, but remember, this is my first time purchasing a home/investment so any insight would be appreciated.My closing date is scheduled for 11/22 - this is coming up fast!

Another way to find deals - is to look for seller finance and negotiate but remember to keep in mind to never live above your means. 

I remember when I was in a similar spot, debating whether to leverage my first rental to acquire another property.

I remember a presenter in a real estate class recently saying, 'Buyers are liars, and sellers are even worse,' which got a good laugh from everyone because it rings pretty true in this business.

I agree that it is a lot of money up front, but if the norm for the area is first and last month's rent, remember that the tenants who are moving in won't have paid last month's rent to their current landlord (if they are from the same area). 

Remember, "the Bigger They Are, the Faster They Fall" in the next downturn. 

And always remember evictions can cost typically 2X-5X than CFK's - But your time is the most valuable LOSS in this all!  

Whereas now your amortization component is very high because of the favorable financing in place.So you have to consider all of those when looking what and where to invest next.Another thing to remember is that in order to completely defer tax in a 1031 exchange you must purchase at least as much as your net sale. 

I remember when a similar development happened near Phoenix a few years back-property values didn't just climb, they skyrocketed.

He is a poster here on BP who has talked about it the most, and for the longest as far as I can remember, so he will be a quality contact for helping build your team.