I totally understand the time restrictions, but also think it is unethical for a broker to expect my company to show up on-time and then have to hang around one or twp extra hours because there are representative from two brokerage firms at the property, the seller is at the property, several other companies are there doing inspections and I have to be polite and stand around for 1 or 2 hours waiting find out who is who while multiple groups are having in-depth conversations, I have to wait to find out what they want, where things are at, get permission to move things, get permission to open things and then can't get in a word to discuss my inspection.When I see one other person at a property that is for sale I walk away because there is a lot of straight out bullsh..., promises and lies at home inspections.

They told him they didnt give a you know what - go ahead and sue us and we will bury you.

My reason is different than just straight liability that most people think of.

My question to those of you that are ahead of me is two-fold:1.

It will give my brother an I our first experience taking a lot from planning stages straight through construction.

When I think about rehabbing, financing, property management, and other aspects of the business, it can feel a bit disorganized.I may be getting ahead of myself here by thinking about documentation and systemization, but I'd like to have some kind of mental framework regarding how to think about the different aspects of real estate and how they relate to each other so that I can have a bit more structure in my thinking. 

Your book recommendation will absolutely help give you a head start on being an honest and ethical landlord. 

You would be money ahead to increase your loaned amount by the 5k and not worry about points and stay at the 2.75% as it would only increase your payment 20/month roughly to go this route. 

Patrick,Just a heads up, no lender that I have found will let you do a HELOC on a rental property.

Do I literally show her the local rents or do I just tell her straight up "this is what the rent will be.