I made a soft/rough offer and feeling nervous about it and wanted to see if anyone had any insight.It was difficult to pull comps because of the uniqueness of the property but the closest I could find were 3 properties that sold in the last month and were all 6-families that sold for roughly $600k all of which had 3br/3br/2br type setup.The subject property has 5 two bedrooms, 2 studio's and the commercial unit.

I'm using all the money I get out of this house to re invest into real estate or other investment avenues.I guess I'm a little nervous about the HELOC because its variable tied to prime (which is low now).

Selling the house shouldn't be an issue; but, I know if I put in 10k I could get 300k as opposed to 250k if I do nothing.However my VA lender is nervous about me acquiring a HELOC loan before I close.

On a 10% vacancy its over (528 a month/6,336) 20% cash on cash....Please help me pick this apart some; like I said, its my first deal and I am just nervous, to conservative, etc..

I'm excited and nervous all at the same time.

I think I am a little nervous about the septic issue.

Getting a little nervous here.

If it makes you too nervous to think of losing money at some point down the road then put your money in a short term CD.

I'm nervous that I won't qualify for multiple mortgages three years from now.

We've never spent that much money on RE before though so it makes us nervous.