I called several lenders and one was 75% LTV, one was extremely slow so I pulled the application, and another was 80% (who I went with).The refinanced property had everything practically new (wiring, plumbing, kitchens, bathrooms, decks, etc.) with few items less than 5 years old (roof, siding, furnaces/AC), but the windows were 10 years old. 

This would be my first rental property and if not its great practice!

I'm just next to you in Stone Mountain, and recently decided to do the same thing: Add an ancillary business to my law practice so I can actually build wealth through assets. 

It seems that in New Jersey this is becoming more and more of a common practice.

I know it will take practice, practice, practice but where do I start?

Can anyone please help me solve this math question? I do not understand it...a bank gives a mortgage loan for 80% of the sales price at an interest rate of 8%. the interest portion of the first month's payment is $192...

You have practically the whole year to plan but for those of you who are on the fence here's the 3 reasons why 2017 is the year for you! 

These broad rules of thumb make for fun blog posts, but are too general to apply in practice, and every deal is unique.  

I've read a few books and forms about the basics but nothing practical.

In fact I was happy about the whole thing (not about being told no, but that I forced myself to just 'try').I'm looking at this seller/house and situation/experience as practice.