Again, just my personal opinion, with nothing to support it.As for your second question, I keep cash in a checking/savings account.

You'll find all the complimentary businesses that cater to students, restuarants, clothing stores, auto repair, the list is endless, just think of the athletic depts and activities that are needed to support a school sporting events.

If you can get a better rate elsewhere, do so.If you can't get a better deal elsewhere, or the timeframe doesn't allow for cheaper financing, then make sure the deal supports it before you commit.

After running this place for 8+ years, every little message of support still means a lot to me.Keep jumping in and getting involved -- it is well worth the time you spend!

To make a deal like this work, you're going to need a lot of cash - including cash reserves above and beyond the loan.You're far more likely to get financing on a commercial loan if the rents will support the payments.

Atlanta has a great single family market, but there bigger stuff isn't supported down here right now.

-Thanks for the support and sharing!

Fortunately I am going to be able to support myself even if I couldn't rent the property right away.One thing I clearly underestimated though was the quality of tenants.

Especially when considering what different areas of the state that would support a property like this could offer.I agree with Carl in this could be a good partnering situation with someone familiar with it's location and the local market.Kris

Maybe its excessive, but I think it very much depends on what a persons experience, support group, and needs are.