I am putting 25% down at a 3.25% interest rate so my mortgage with HOA of $334, insurance, and property taxes will be about $2640.

Does it make life THAT much easier? 

Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.  

I have been a lender catering to funds, investors and consumers for the last 4 years but my family has owned Multifamily my entire life and it helped put me through college during the recession.

When you do close on a property, right away get an insurance policy that will protect you against most losses.  

The worst thing that can happen with an investment is it goes bankrupt and you lose your entire life's savings. 

@Scott Taylor   E & O = Errors and Omissions  insurance.. virtually every realtor has it.and if you make a monetary claim against a realtor they usually turn it over to the E & O carrier if the claim is sufficient enough.. many of these policies have 5k deductables.Also in most forms and we are going through this right now on a deal I am the seller on in PA were the buyer literally backed out day of closing and wanted their 10k back.. and of course I told them no greaking way.. so we are going to mediation.. and mediation is cheap there only 250 an hour.. the buyer has not appointed an attorney and my Agents will represent me..

We as in me and my wife are newbies in the real estate  investing and love this forum we are learning a few things so we hope we can build a successful business and enjoy life and can't wait to work with my wife 

Hey, guys.I hope everyone down in Louisiana is faring ok during these historic floods.I never in my life thought things could ever get this bad.

As anything in life the first one is always the hardest...