My weird 55.9% of the original asking price was actually oddly specific and based on comps, rehab estimates, etc. 

Here are the one's you need to use to tell yourself which way to go:If you are holding the property, or flipping it, the basic formula is the same...what changes are the specific applications and items those numbers are applied to and come from.  

Or, any resources you can point me to: books, etc. to learn more specifics about going into a rental investment like this?

They do make hoods specifically for this sort of situation. 

I specifically buy lots.

Hello @Ryan Weirick,Iowa law is very specific on this issue.  

I started just last year building my credit using this specific card.What I'm saying is it would take her years to reach a credit score of 700.

If you are looking for something specific post it here.

What @Chris Martin said.A real estate/closing attorney, a promissory note and a deed of trust are the primary (sometimes only) ingredients needed or required to close on a property using private or hard money in this state.The going rate around here for a RE attorney to draft or review these docs and close a loan is anywhere from around $400 to upwards of $1,000 depending on who you know, how much business you throw their way, or the direction of the wind that day.The cleanest way to do it, if you're interested in that sort of thing, is for the PML to have their own RE attorney draft the lender docs (Note, DOT, some want a personal guaranty as well) and then use a different RE attorney to close the transaction with.

Hello Bigger-Pockets Community,Myself and my business partner recently formed a real estate investment company. We’ve had some success in our local Bay Area market and we’re looking to expand operations into other str...