I will be paying cash for my 1st property. 

PA written up for cash to get offer accepted then switches to a mortgage with 2 lien positions so the Title Co loved that of course. 

If he tries to claim replacement is necessary, charge you an exorbitant amount, or charge you for the entire door, you'll have a professional estimate to counter his claim.

Last night I heard about a friend who had their electric bill go from $100 per month to $800 per month because the landlord did a repair to two of them and cross wired them causing my friend’s to short and use 8X the amount of energy for the month.

Purchase price: $38,000 Cash invested: $25,000 2 story 3 on 1-1/2 with an unfinished basement and 2 car garage.

Although cashlow does take a hit I will still be able to make a decent amount per month (~$400/500). 

The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

Purchase price: $35,000 Cash invested: $20,000 Sale price: $95,000 Fix and Flip, Purchased from a neighbor that bought it from an older couple that could not take care of the home or themselves anymore.

So, here at the 6 month check in, here are the things I've been doing since January 2024: *Anchored everything to my WHY, including the motivations and long-term strategy *Joined a local REI group hosted by my church*Researched tax lien investing in Harford County, MD and decided to not play in that space this year*Read a few REI books (Rich Dad Poor Dad, One Rental At A Time, Building Wealth One House at a Time, Wealth Without Cash, Building Real Estate Wealth in a Changing Market)*Subscribed to a bunch of good YouTube channels (BP, ORAAT, Ken McElroy, Coach Carson...)

So, I borrowed the money from the person that stayed in my first house as she had just sold her house and made a fair amount of money off of it.