@Benjamin Manibog Posts like these end up irritating me, mostly because it creates the illusion that everyone's comments are of equal value.  

But the seller only receives the illusion of value, in this case relief from the debt.   

Also what advice would you give me in order to get that illusive first deal.

In the end we have a home that we love but we are under no illusion that it is an investment.

Thanks ill use your instead

For me it is important to know which pieces are working and have the illusion of a local presents in the market.

The vision of "freedom" and "work for yourself" is an illusion for most in the short term and is only realized after a lot of struggle.

Trust me on this, I have no illusions about who the listing agent is representing.  

I have no illusions it is a grand slam, but I think it is something I can cut my teeth on and I am excited to move forward.

@Scott ChristopherScott,The largest red flag being waved at your potential project is clearly it’s hard cost.Therefore, before entering the dimension of what I call “the illusion of progress”, and spending time and money with 3rd parties you would be wise to focus on what the value of your deal looks like.Value drives and determines everything else.If your product is for sale, you should take the gross sales and deduct commissions, closing costs AND your target profit margin from it and you will have the total budget amount that you have to work withIf your product is for rent, you should determine its Gross Potential Rental income and use that figure to calculate Net Operating Income and divide it by an appropriate cap rate to determine the project’s capitalized value.Use the same method noted above for the for-sale product to determine the total budget for the rental product.Once you have your total budget, you will also have a very good idea about the project’s performance and feasibility.Hard and site costs typically account for about 70% of total project cost.