I would pretend I didn't have that money and intimately learn my investment vehicle. 

I generally underwrite the properties fairly conservatively with the hope of being pleasantly surprised when they do better, but you should always run your own numbers and determine what your target prices/return are.  

That would not be fun to lose a property if you can't close in time. 

Also - let's say the tenant doesn't pay rent in time prior to when mortgage is due and you dont have enough in the rental designated bank account, how would you cover?

It's not a full on junkyard, but its close and definitely not a pleasant view.A potential tenant recently backed out of the process after seeing the neighbor's yard.

Hello everyone, so I am looking to start practicing analyzing deals, and I am not very familiar with any area at this point in time. 

I have the energy to do the legwork on closing this deal and the acumen to at least research things I'm not intimately familiar with (legal training outside of real estate).

I have the energy to do the legwork on closing this deal and the acumen to at least research things I'm not intimately familiar with (legal training outside of real estate).

I have the energy to do the legwork on closing this deal and the acumen to at least research things I'm not intimately familiar with (legal training outside of real estate).

In the case of Memphis Invest, after completing close to 6,000 transactions and being intimately familiar with the markets, we are very comfortable with how and why we price properties the way we do.