I do have a few more follow up questions on some of your points.1) You mention that it will take about a week for escrow to close, so does that mean at minimum I would have to find a buyer a week before closing?

As mentioned, you need to figure out how property taxes are handled. 

Hello John, as mentioned already you will find a ton of information here, mostly good.

They might sneak in some weasel words, like advertise it at a 7% cap rate and then in the OM mention that that's proforma, and actual is 6.25%, for example.

Hello all, I know we're here talking about real estate investing, but I'm wondering if while I'm saving for my first property, if I should be investing that money I'm planning on using to buy my first property, or if I should just stick it in an account and wait until I have enough.

Then we had to wait 90 days post close to accept an FHA buyer, so it took about 5 months to get SOLD.

But if I can't sell quickly, I could rent them and have multiple cash flow (because of the different income sources of the different tenants in the same unit) and wait for the market to recover and then sell the unit.Please let me know your comments and suggestions about this information.Thank you everyone!!

The other will be sent to a scammer (David Owens of Owens Financial Group), who claimed to be legitimate, but was actually just pulling me along and had me wire funds for a loan that never even seemed to exist.I waited about a year to take action and I figured better now than never to act on this.

I mention this because I believe I must pay for property management.

I do have some of the worries you mentioned with OOS investing.