Your gaining a  bit of ground with the discount on the ECB violations but to come to a purchase price offer of $80,000 minus extreme repairs being necessary will get you laughed out of every bank for the most part.

My question is whether or not this is acceptable, seeing as how I would still be gaining equity in the house per month, while taking what I would normally be paying in rent myself and putting it in the bank.Does anyone have any experience with this situation?

, researching the industry and market areas of interest, in addition to general real estate readings to familiarize myself as much as possible.Over the next few months, I look forward to doing more networking, to further branch out and it is my hope that I will connect with a few of you all to gain more knowledge on the industry before I delve into my first project.Regards!

There is a ton of knowledge to be gained here.

The experience I gained as a landlord will be invaluable for the rest of my investing career.

You have started on the right track, by engaging in studies of REI, listening to the podcasts to gain additional knowledge and understanding of this expansive field with various niches.Yes, it's challenging to have a full time job and do REI part time.

If you sell your home in the spring you will have to pay taxes on the capital gains since you have been there for less than two years.

This is a business, gift cards are marketing, you market to gain new customers, once your customer is buying your product it's a waste of money to keep marketing to them, they are already buying what you are selling. 

I took this position to gain the knowledge I need to start investing myself.  

I look forward to gaining knowledge and making valuable connections on BP.