Naturally, you are assuming that you're investing in an area with a positive upturn and that no outside forces will be knocking down value.As far as the paperwork goes it's very simple to create a mortgage and promissory note.

I am not in the habit of just going and knocking on my renter's doors to say "Hello", but almost feel an urge to in this case. 

After the school of hard knocks finally have a handle on tenants.

Knock it out and get it back to your agent so someone else doesn't swoop in and steal a deal out from under you, regardless of how far-fetched it may seem.  

I will have the opportunity to knock off a couple mortgages early in order to provide extra cashflow for my transition. 

Drywall mud will be much easier for you to work with than Diamond (which is probably best applied by a professional).I'd try to knock down the high spots with a stiff-bladed putty knife and scrape off any crumbly or loose areas. 

I went from a net worth of about negative $50k at around age 25 to living a very comfortable life now at 36, not by knocking an investment out of the park, but by living below my means and saving and investing every dime.

Hi Jason,I knock that wall out in 90% of my rehabs. 

A couple good contractors and maint. guys good knock out all these items for a few thousand based on what I quickly read through.Frank

If they knocked an extra 10-20k off the purchase price I might accept.