It's convoluted thinking, I know, but I didn't make up the rules, I just analyze them.

The reserve price wasn't met, but it's set very overpriced, and I don't think anyone would meet that price.The day after I won the auction, I received an email stating that the seller is offering all eligible bidders the chance to place another bid.

Based on our conversation, I think he could put down 45-55% of the PP

Also, I think a newer building would make my life as a landlord a lot easier since I don't have much experience and wouldn't have to worry as much about stuff breaking down all the time.

Before thinking of going for the 3rd one, which would be great if it goes as well as these two,  I need to fix my own house (personal) .

Below are some additional numbers:Previous loan:88k2.75% int$950/month cash flowNew loan:168k7.625% int100/month cash flowPlease let me know what you think of this..

I have been searching online for a real estate investors networking group in Vermont but it doesn't seem like there is much so I would like to start one.Even if it is just a couple people to start I think having a network of like-minded people is crucial to success. 

(another $400. )I’m thinking I should split it with the tenants, but nothing was is in writing.Sound fair?

New to DFW and I would love to hear your advice.We concentrate on buy & hold, typically 150K - 200K PP, at least 1,000 sqft.In which areas do you think we can enter the market?

What do you think?