Very few title co.s/attorney’s will participate in a “dry closing”, using the end buy funds for the initial purchase, even with disclosures.  

Deal analysis is a great first step into note investing.I should mention I invest in 2nds, but typically the value of the property drives a lot of factors for valuing a 1st mortgage.

I have the same anxiety towards risk that I think you're having and I've noticed that sometimes it helps to step out of yourself when analyzing a deal and pretend that you are coaching either a new investor or your past self through the process.

It's a very manual process, but the more steps you have to take means that your competitors likely aren't doing the same.

Initially we thought that might just make things easier if we're refinancing every 5 years, but if 30-yr fixed are on the table that changes things.

The jury is out on that one.But your transaction is pretty benign if you follow the extra steps.

Our property had shown signs of termite damage to a structural beam during the initial inspection, and I paid for both a structural engineer (to verify the beam’s integrity was sound) and a termite inspector (to verify there was no active infestation).  

The plan is to then purchase another property, rehab, refi, pay off Heloc, repeat.If you go the delayed financing route then be sure to know exactly what your lender will do and requires at initial purchase.

I’ve been listening to podcasts and reading mostly and am looking for input in regards to other ways to prepare myself for the next step.

@Joel Owens  Yes I know that's obviously the next step,  I think what I want advice about is what you think of the deal in general?