I'm at a point I'm sure many other new investors in BP are at where significant time self educating has been spent, but are struggling with the lack of experience or network to make some of the strategies and guidelines recommended work in the near future.Going back through podcasts and posts led me to @Brian Burke's blog post from several years ago about needing base hits before you can get the grand slam.

On Commercial notes from community banks and credit unions you may notice that the loans will balloon at the end of the term period and often times the term is shorter than the period they amortize for your monthly payment so at the end of the term you're left with a sizeable balance to payoff or refinance again.

It was surreal, and an education by fire.

Are smaller banks willing to extend the fixed rate period in "exchange" for a shorter amortization schedule?

Yes..just paying the draw period payment of 135 would leave cash flow at 585 a month.   

You are committing time to learning and researching which puts you closer to 'jumping', so to speak.Committed investors are always looking, researching, thinking, building networks with key people (bankers, agents, contractors, other investors, etc) to educate themselves and prepare themselves for when the time IS right for them to jump (that could be today, next week or next year).

There is no redemption period on mtg foreclosures in FL.

Periodically, since the update, I have to manually de-capital 8 or 10 characters at times.. no other apps are doing this.

You are committing time to learning and researching which puts you closer to 'jumping', so to speak.Committed investors are always looking, researching, thinking, building networks with key people (bankers, agents, contractors, other investors, etc) to educate themselves and prepare themselves for when the time IS right for them to jump (that could be today, next week or next year).

IMO, you'd be better off taking $5k, 10k or 50K and investing it in EDUCATION.