Hey everyone,I’m new to the Bloomington-Normal area, new to real estate investing, and hoping to connect with other local real estate investors in the area. 

Hi Emma,You have enough in savings to purchase your first property and start househacking, depending on your income, debt, location and lifestyle will determine where you feel will be the best place to start. 

They can't get a DSCR loan due to the small down payment.2) "Strong" income, so they both have 20% to 25% down, and don't need a DSCR loan, they can get a normal conventional loan.

So first to start I’ve read the other forums and I already know changing an offer price is bad practice after the inspection normally. 

Lots of long hours and stress, so we were looking to change our lifestyle to spend more time with our six children.How did you find this deal and how did you negotiate it?

The bank is saying that a five year resetting rate on the mortgage is normal.

After searching, locating and researching a piece of retirement property, we are considering an offer to the seller's agent (who knows very little about what he is selling).As the buyer's agent is typically compensated by the seller, is it normal to ask for a reduction similar to the 3% that the buyer would pay to the non-existent agent?  

For me it seems like optimizing the forums for mobile devices at the expense of current functionality is a mistake.Every time BP tried to make a change along these lines, I get frustrated, go away, and come back in a couple days/weeks when it's "back to normal".

You went out and got all the things, purchased the entire life style, and than are trying to pay for it all.

For example, my 2/1 would normally rent for $600 per month, but once furnished and fully converted, I rent each room for $2,200 per semester or $8,800 total for one year (not counting the summer months).