It sounds good in theory to split one into more, but you want to keep banking equity on this one as it requires nothing from you and pays you money which is the whole goal of real estate investing.

How did you find this deal and how did you negotiate it?

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

How hands on this project do you want/plan to be?

Take this with a grain of salt since you seem like you are trying to get started in real estate investing somehow.

This isn't a requirement but best practice since we don't have public transit.We have two homes on septics.

This is where you will get the correct estimates. 

First I got preapproved (I know... another lender saying to get preapproved) of course it was important to my realtor and offer, but more important it gave me insight into what I could expect for cash needed, payments, etc. 

@Coty LeBlanc I originally used it as a set it and forget it tool and it was better than not having I suppose, but then I really dug into training and learning and I saw 50% increase in one property and 20% in the other.

Great post, thanks for sharing, Kevin--I would also add that the Lower South End area into Madison Park is also a great area to relocated to if you want to be in close proximity to Uptown without being in the hustle & bustle of the city!