I started my businesses this summer and I also just found a sweet deal in Oakland which is so hot right now.I have good credit and a surplus of cash from recently selling my home.  

I am astonished at the knowledge that is so freely given here.  

Everybody is so cool on this site.  

Real estate is unique that lending is so readily available to purchase this type of investment, however, leveraging is also a strategy available in the stock market as well.  

I'm new myself and there is so much information here, you're in the right place. 

I use also use systems to self manage my 16 rental properties with very little interaction on my part.I can't see giving away my hard earned money for something that is so easy for me to do.

Actually I expect I only have to pay utilities and -$793.97 of the mortgage while I live there.The point of keeping PM in there is so that when I move out, I have considered the amount of cashflow I need to have, so that I can hand over the management to a PM.

@Breon Jacksonwelcome to BP. i am glad you are here. definitely take advantage and learn as much as you can about real estate investing. then when you make a couple moves, give back by posting and hanging around the site. i am fairly new but i have some recommendations that could make things a bit easier. don't forget to read the ultimate beginners guide to real estate investing. it is a awesome well written book that focuses on real estate from a far point of view and can help you narrow down on what it is that you are interesting in. for example, for me wit was multifamily properties. so now i am able to focus my learning on multifamily investing. listen to the podcast. i listen to them on the way to and from work. there is so much info on there its amazing and its free! 

My sense of caution is also based on the world economy, which is so heavily based on debt/fossil fuel consumption and will have another serious downturn at some point; we just don't know when.

I think they might really be offering me only 10% over current rental market, especially considering the home is so new and I'm getting many calls from people who want to rent it.