You have a qualified opinion, the issues clearly in front of you, and you know your goals - - you have "a self-evident truth" right in front of you :smile: and best wishes.

I saw this happen once on my bank website, but evidently this happened three times, twice before it got to me.

, avoid heavy leverage (this removes an exit strategy if the market goes down) OR do not plan to sell (long enough to wait out a dip), ensure your rent rates are good enough that if they dip you can still cover your payments / expenses, get great managers or manage well to ensure solid tenants, and have enough money in reserve to operate in a bad scenario.There are a million ways to do everything in real estate.

It's safe to say though that if you have great credit, solid income, and you have 10-15% down that you should go with 10% down either with lender paid MI conventional or 5% down conventional with lender paid MI as these two scenarios are probably the most efficient use of your capital.

It sounds like you found a solid first deal.Other than the rent rolls etc, just off the top of my head I would think you'll want to get tenant estoppel statements.

Long as you have a good property manager and find solid tenants I personally don't see an issue with that deal.  

Sometimes I'm just like, why would anyone pay $XXX,XXX for a house in this neighborhood (as evident by supporting comps), and it makes me hesitant.Do you/have you ever flipped houses in neighborhoods that are well below your standards?

Build a solid relationship with them and you will have the start of a good team.

I can either JV or buy as a wholesale (given the deal is solid).Best,Matt

This would be a solid property in a good area consistent with my portfolio to date.