Customer service has always been good.

The HOA payments were not made and I got a foreclosure warning for two years of unpaid HOA fees.

My advice for newbies is always to do as much research as you can (and @Casey Miles made a GREAT point about being aggressively patient) but to take the time to ask yourself (and your family) and few important questions to help weed out options and prevent analysis paralysis.

There are multiple universities nearby if the college crowd is your customer base.  

So I recently signed a contract for my first property, which I am pretty excited about. It's a multifamily in Trotwood, Ohio. The numbers look really good. I have it under contract for $92k, the combined rent is $1980...

I have spent some time trying to understand how to determine my true cost of capital but not sure if I am doing it correctly.This is the calculation I am doing, if possible please let me know if this is right or I just made up my own magic formula:Loan for $225,000 @ 3.25% = $10,562.50Paying PMI @ $155.78/month x 12months = $1869.36$10,562.50 + $1869.36 = $12,431.86$12,431.86/$225,000 = 5.525%Also, I appreciate the wisdom in regards to financial ratios, carrying costs, etc etc.

Here's one: "lie till you die".Obviously some people haven't "made it" because they are still "faking it".

@Dan Leyden-I made an attempt to a few days back to send you a message, it may not have gone through with my newbie BP navigational skills.  

Also, if you have made any payments from when this process started, the loan should adjust on the final paperwork.

The podcasts and blogs are incredible and I really enjoy hearing all of the different success stories as well as the mistakes made by even the "big dogs".