From what I hear networking, practice and time are all it takes.

With many tenants it's a cultural statement to have  a pit.

I'm also a licensed attorney in Indiana and have only practiced in real estate for the last 11 years (out of 30), during that time I've also been an investor, note buyer, etc etc.  

Few tips for you:Search 'Netherlands' for posts and members, and do join a Dutch REI club like Vastgoedbelang.For investing in the Netherlands start with a general book on real estate business practices such as "Praktijkaspecten vastgoed" ISDN 978-90-01-49400-1 (or check the extensive library of Amsterdam School of Real Estate, University Amsterdam).

Its common practice for many to purchase with FHA or VA (if eligible of course) terms, simply because they are more favorable in small or no down payment situations and gradually build enough equity to one day refinance out of the government backed loan into a conventional.

@Chad Johnson...I am much newer to REI than you...In fact I practically know nothing. 

I would also check with a lawyer in your area to verify the legality of these practices there.

I don't think you EVER need to rationalize your business practices to a tenant who's behind on rent.

Hi Nicole,There is a lot of information about you and the deal that are not in your post but I would suggest that an 8 unit coupled with college rentals may be a bit much for a brand new real estate investor.Yes, you have to jump in and get your first deal under your belt but my feeling for new investors is to start small and safely add practical experience to your educational process.

Jerry:In our practice it's a pretty simple determination.