I will be putting 10k down and the other 40k will be financed over the next four years which in turn makes my payments $833 per month so with taxes and insurance that should put me at just a little more than my tenants will be paying, so if something goes wrong ( burst pipes, old furnace, or heaven forbid vancacy) I won’t have any money in the account to pay for it and I will be coming out of my own pocket.

Two hours before closing, after confirming the amount my cashier check needs to be at closing, the broker tells me that the costs of a rate extension on April 17th (news to me at this point) ending up costing all the lender credits and I had to either pay the additional 7k or increase the rate. 

That can take many forms for people and maybe it's not something you can pinpoint exactly to one thing but if I had to say for me it started my father leaving our family when I was young.Once that happened I instantly became the oldest man in the family that marked a major shift for me at the time. 

I am interest in in multi-family homes.I don't have any construction experience, however I will be joining the local plumbers union in the following months, which I assume could help me at some point in my career as a real estate investor.

Always run the numbers in detail.Obviously, if you're wholesaling, you have to pay less to leave some meat on the bones for your buyer

He is doing some work for me at another location tomorrow, I may ask him to come to this house first and just pay out of pocket.  

The seller has offered to finance the deal for me at 5% interest over 15 years with $20k down.

But I'm thinking about buying it cuz it seems like a home run deal.I can't go conventional with financing because I currently hv two car notes and one is a range rover(that I need to get out of an upside down 10kon) so I asked my landlord to be private lender (I pay him every month on the 1st at 9am for two yrs so I figured we've got great rapport) he met me at the house an said he would give me 70k at 8%. (60k to buy and 10k to fix).

PM me at your convenience. 

I recently had a pocket listing pitched to me at $150K/unit which works out to ~$15M+.