Then take the terms or drafted OA to an attorney so it can be finalized and tweaked. 

I've read a few books and I have the basic education down, but I'd like to get my feet wet with REI.

It's all coming together quite nicely, and thanks to all the great insight from this site and from many books, my standards for cash flow have gotten extremely high, and we're killing it on our COC for the most recent three properties.Where we are now is...we just got a very nice cash payout from some complicated circumstances surrounding my wife's company being bought out and all retained employees getting huge retention bonuses.

What are your life changing books and videos? 

I currently gross around $120K per year and plan to maintain this income through the first many years of my REI journey.So far: I’m educating myself on the process of REI by reading books, following the forums, attending webinars, etc.

Kyle actually just released a book Rockstar Real Estate Investing as well. 

Cody ,Some day your going to have to sit down and write a book on how that is done in detail 

Start with the BP Beginner's Guide, and then read everything else you can get your hands on (books, the forums, BP blogs, podcasts, etc).

I still need to make a final decision on which loan I am going to take.

The final deal was 163000 with 3 in closing from seller and $5000 worth of foundation and mold remediation in crawl space done by seller.