Account ClosedSo I'm not very educated/experienced here, which may be a good thing in this case, but why not just ask him to loan you the 5K? 

If not then I will know well within the 45 day period.) 

Rent due on first, grace period to 5th.

Any advice, education recommendations, or ideas you all have learned from your RE experiences are greatly appreciated!

But if you are wanting to hold for extended periods of time and hope for appreciation, it might work for you. 

Hi Eddie, I would be happy to provide you with some resources for your educational event(s). 

I would have bought assets instead of a mountain of liabilities and got my financial education right instead of what my broke parents taught me about money .

It also has a clause where the owner could come back to purchase the property back from the new owner within a certain period of time. 

I've gone through enough real estate education to know that just about everybody recommends pinpointing certain areas -- zip codes or sometimes even neighborhoods -- in which you see a lot of cash-buyer activity and targeting those areas to find houses.

@Charlie Lehoux It all depends on your investment criteria, goals/objectives, budget and holding period.