It could just be surprise concerning something you have learned.3.

You would be surprised at the number of places where it is not clear who really owns the property.Inheritance.

I spent the other $2400 on unexpected repairs (HVAC & plumbing).

You might be surprised (in a bad way) by the answers.The basis for a property is pretty simple.

The income from the property has to cover both the debts and unexpected costs.

I also recommend getting a full inspection during the option period to make sure there are no unexpected repairs (foundation, termites, wood rot).These are the two basic real estate strategies that are just the tip of the iceberg.

You'd be surprised how many jobs you can get by just asking a client if they know anyone else that might need your services.

If the first deal will cash flow well, then it is easier to get a loan for the next proporty and you have more money available for unexpected things that happen with every rental.

Don't be surprised if it takes me a few days to get it sent to you as I don't remember where it is and I will have to find it.

For a Moderator on another forum I am surprised you don’t know what "Over-Leveraged" Means...Since you’re buying them at "pennies" on the dollar you aren’t over leveraged...