I think that would be a great way to get your feet wet and purchase more than one unit for your first investment. 

Just keep the walls wet and you shouldn't have coverage issues. 

Most title companies if your just one off buyer wont do the note for you.. they do them for me but we are a top tier client.So you have the note sent to title they prep the closing statement and deed and put your note in the file as well.. when its ready to close the title company is going to contact your lender provide wire instructions and tell them how much they need to wire into close.you going to either go in, or have a mobile notary come to you.. sign notarize the deed of trust ( Notes are generally not notarized or need to be  although does not hurt to do it but like I said not common and does not make them any stronger to notarize them)you sign... your lender wires in the dough  seller signs returns their docs.. and next day or so when all docs are together it closes and you now own it subject to the loan.the title company will then send the Original signed note and copy of HUD etc to your lender.. you get copy of hud.. your the owner lender is the bank. simple done every day.on the West coast we DONT use attornies to close and we do NOT do wet closings I have not been to a closing basically in 25 years.. occasionally if I am around the title company I will go in and sign but NEVER is the buyer and SEller in the same room and NEVER are checks distrusted on the spot like they do back east.For one I would NOT accept a check from a closer attorney or other wise I ONLY accept wires as a seller ...

Hello - I have finally acquired my first rental property (a duplex) and I plan to get my feet wet and manage myself to not only learn but save money since property management doesn't pencil at this point.One renter seems OK for now and has been in occupancy a few years.

Thats why I’m looking to put my 250k into my own 10-12 unit property, so I can get my feet wet managing it/adding value, and trade that into the next one or potential syndication deal. 

That said, I’m pretty sure water rates are the same whether your duplex rents are $500 or $1,500.Anyway, not to be a wet blanket but when I read your post...I...see...pain...

My goal is to get my feet wet and minimize any stress on the friendship.

My ultimate goal is to get into multi-family once I get my feet wet. 

Not allowing wet over dry renovations is very common.

I figured it’s about time to introduce myself.I am located south of Chicago and I have started to get my feet wet in real estate investing.