Thinking it through in the beginning, and writing it up goes a long way in preventing conflict later on.

A mortgage won't prevent you from buying rentals.  

It would seem that this large debt load/mortgage payment would prevent me from qualifying, and this cash flow detriment would prevent me from even saving enough, to invest in anything else any time soon given my limited capital.  

I’m still learning and I think this would be the best way to learn and ensure that my property analysis muscles are tip top...Property & ConditionThe property is a 4-plex with (2)- 3/1’s and (2)- 2/1’s with covered parking for 4 cars.

You might just need to have it augered and/or a backflow preventer installed.

I had planned to attend a local REIA meeting last night but certain circumstances prevented me from being able to attend.

@Joe Villeneuve Good info, how did you educate yourself on the Detroit area well enough to prevent losing a lot of $$$.  

I will do that - I just didn't want to take up a slot that would prevent someone else from attending, since I knew the time wouldn't work for me. 

And because of that I say that you should use a professional any time that you want to address mold correctly, using the latest standards, engineering controls (to prevent cross-contamination), trained staff, be covered by THEIR insurance, etc.I realize that many people here on BP have chosen to do it themselves and some of them don't ever have downstream problems. 

The waiver prevents any suppliers that my subs hire from putting a lien on my property if the sub doesn't pay them.