So my total is around $4400 compared to your $9K and my property costs twice as much.Some differences on mine:- No inspection fee which is $650 of your cost (I waived inspection to make my offer more appealing)- No origination fee and yours is $437 (my rate is no points, 5.25% for investment, 30YR)- No recording fees or transfer taxes, which is over $3000 for you- My underwriting fee is $450 and yours is $711- My document prep fee is $120 and looks like your processing fee is $534- Title insurance for me is $444 and yours is over $900- I don't pay any realtor fees as the buyer, you are paying $300It looks like you are paying the "I am new so you can screw me tax".

Too much money out the door to only make a pittance in rentHowever I bet that could be raised over time as improvements are done .

I agree with you totally ,some people take ages before taking decision, doing the research after research without any action regarding investment.

@Mark Holencik I was looking to have it for my knowledge because of the advantages spoken about on the BP podcast.Keep in mind I'm totally new to RE and REI.Thanks guys!

Total house value of 1 million with half million mortgage.2) I have 250,000 Home Equity Loan that I can borrow anytime from the bank to make real estate investment.3) My family annual income is between 200k to 250k, and my goal is to buy 10 properties in CT, and make $10,000 monthly passive income in the next 10 years. 4) Specifically, I would like to buy one multiFamily house at a year, and it will create a free $1000 cash flow each month. 

As a general rule is that you should not expect some Agents are not being totally honest.Just be honest about what you are doing to the Agent and they may or may not say everything you said to the seller. 

Your best bet would be to consult with @Sarah Larbi.

still working on my three E's as well.EducationExperienceExcess CashI willing to bet that the deals will come to me when I have these.

What I’m looking for is the total history of the properties such as any tax liens, back taxes owed or a history of such and medical judgments or other judgments, lawsuits pending etc that may be on the property and have to be dealt with before closing.  

The reason I mention the 'high income' in particular is simply because right now, I seem to be a pretty solid bet for most lenders whereas I'm not sure if my net-worth in stock will be sufficient to get a good mortgage rate since my 'income-to-debt' ratio will be dramatically different.I don't intend to try taking on a bad deal in the short-term just because of the whole mortgage-lendability-risk issue, but I'm trying to figure out how much of an issue it really even is in the first place and how much I should take it into consideration.If I don't have an active income, presumably (and please, correct me if I'm wrong here) I'd still have some potential to get mortgages, but they'd be at a higher rate (e.g. maybe a couple percentage points higher)?