Payment was cheaper than rent How did you find this deal and how did you negotiate it?

This option is only cheaper if I can eliminate most of the issue and re-rent in a month or so.

It’s a B-/C unit so I’m looking on the cheaper but durable side for cabinets, countertops, doors, paint, and floors.

How much cheaper would you expect this property to be (due to the power line) relative to a property two or three homes further from the line? 

Vertical integration is a key source of competitive advantage, enabling us to do projects cheaper, controlling our costs and our investors benefit as a result.

Does the rental market get soft as they flood to cheaper properties that make it onto the market?

The next market where I am most connected is Dallas, Texas and it appears the price for property is much cheaper and in our range.What type of advice would you give a young entrepreneur in these shoes ?

@Patrick Isaiah If you can get cheaper debt, go for it.

I'd definitely agree umbrella insurance is the most fundamental form of protection after just being professional as a landlord, but using a legal structure isn't any more expensive than insurance over a few years if done right( potentially even cheaper if you're a smaller investor), and the chances of it being useful are a lot higher than %1 over the course of years, especially if you own multiple properties.

You might find the higher interest rate lender cheaper depending on how long, and how you plan to exit.