Many new investors claim to have analysis paralysis, but that's usually an excuse for either a lack of confidence (you need more meetups and more authentic relationships with other real estate investors) or shiny object syndrome (you want to house hack, but you like apartments, but also flipping, and what about storage).

While I don't see it on the IRS tax information, if I remember from the conversation with him, I think you have to buy properties that need significant improvement. 

We also dealt with this in the City of Chicago.

Normally, this fee is added when it is a flat fee service, or the owner is difficult to work with on pricing.Working with contractors is a difficult task filled with frustrations and missing timelines.

At this loan balance, good news is you do have options with DSCR loans. 

I started long ago with no education in real estate.

He is associated with our local REA. 

The seller 100% does not want to go under contract with someone who isn’t going to close or is going to ask for a discount after it’s under contract.

@Melanie Baldridge, I agree with your observation.  

I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.