This is most likely to happen if you do not have 6-12 months of living expenses sitting liquid and ready to be used.Know that the 2 year burn out rate is probably north of 75%.

However, I want to vet as much as possible digitally before I start committing to burning some jet fuel.

You burn a lot of fuel getting off the ground, but once you are at altitude, you can throttle back and enjoy the ride.  

@Nick Burns  Personally I would just set it up as a 30 year amortization and pay extra toward principal each month if you have extra that month.  

If your starting out I would recommend checking out Troy's shindig for a few months before you burn the cash on something you might lose interest in a few months.

I say in my profile that "I've had my fill of toilets and tenants", but I think I'm a little burned out from my current assignment.

The above numbers are realistic for a fund that needs to buy consistently and can't wait to take only the fat pitches.

If you are interested in foreclosures, it is a complicated game that you need to understand the risks and processes so you don't get burned.

All of us agents have been burned by that client that runs us ragged and then decides to go with another agent.  

I understand that agent's request for a buyer broker agreement, since I've been burned wasting time with investors only to find they go do a deal themselves after I have sent them properties.Have her shorten the length of the agreement to 90 says and make sure the representation agreement has language about procuring cause.