. $24k will quickly get paid back just in title fees in year one. 

There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.

It says this Buyer may receive a Special Warranty Deed or equivalent if buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1,500 and are based on the purchase price of the property).

You'd have to pay the state fees as if you opened a LLC in that state in addition to your own state's fees.

By leaving a small portion of the existing, when permits are pulled for the construction, it goes under a “rehab/addition” which saves time and fees.

There are several hidden gems being overlooked.

Closing costs when using bank financing typically include origination fees, appraisal fees, doc prep fees, etc.

Then there are the NEFAR fees, about $500 a year, so factor those costs into your business model too. 

Isaac Braun you are owed rent until it is RE rented plus any damages (security deposit - Paint, flooring, etc) plus RE-leasing fee or lease termination fee if it’s in your contract.Most highly qualified people won’t stop paying rent, forcing you to evict them and get a $$ judgement messing up their credit.

Do your research, and choose wisely.2.5) Never sign a long term property management agreement with an early termination fee -- keep flexibility to replace your manager (you only have to make that mistake once $$$)3) Consider investing in a large property as a partial owner rather than buying a small property, especially early in your investing career.