(assuming your credit is decent)Before you start running, walk first.

Run the numbers and buy based on what is and not on a story of what will be or could be.Was it a project that got stalled?  

Hi Bob, didn't expect to run into you on here.  

The costs run 3-4 points + 8-12% interest only payments depending on your experience/credit/property.    

Finance graduate from UCF, 28 years old Currently run an importing business through AmazonLearning everything I can before my first duplex purchase 

How did it hold up over the long run.

If you can show sufficient income on the first rental, I don't think youll run into any problems.  

I'm just starting out and I found a waterfront property that was very run down in a very affluent neighborhood.

Over the 13 years we have been in business our footprint has grown considerably but it has been at a pace that we can control the service that is needed to back it up.Always feel free to run a management need by me and I can tell you right away if we cover that area or not as our ability is growing.  

In my area, transfer taxes run 1%.