My story is probably pretty common...bought my Fall River, MA condo in 2007 (when I thought we had hit the "bottom" of the market...ya), lived in it for 5 years.In 2012, my wife and I wanted to buy a house, and selling the condo was out of the question since I could only get about half what I owed.So, we became landlords.And a funny thing happened…I enjoyed the process and a lot of things about it.I’ve found two great tenants who are low maintenance and pay on time.So here I am, looking for more property.I think I know what I’m looking for as far as a good deal, but I worry I’m not going to be able to finance the deal when I find it due to lack of funds.Hopefully between this forum, the podcast, and the half dozen books I’ve bought, the answers will come.We’ll see what happens!

But when things happen and the only property you have isn't performing well and your mortgage is so high you could have a potential problem.

No requirement that you keep them in place post-closing as far as I know.

There are no comps for the area or that building for which has been repaired as far as a condo goes.

Bottom line, the location is so-so at best.

Wow, everyone is so friendly!  

I have not gone so far as to purchase my first small apartment building, but I know that with out all the hype I will make a much smarter investment  with a long term view of how long it will take.

So it can seem a burden for a lot of agents.As far as commission goes 6% split by selling and buyers agent is standard here in Atlanta.

That’s why private banking is so popular; both parties involved in the investment can make huge profits.

As far as I can tell, some good places to start for path of progress with a little cash flow are Gardendale, Irondale, Pinson and Pleasant Grove.