If it's a nice house/neighborhood with minimal repairs and a high chance of large equity gain down the road, 0.8% might make a heck of alot of sense. 

Just trying to build clients and gain more knowledge of possibly building relationships and a possible buyers & Lenders list!!!

Ned,Thanks for your reply and yes, maybe I'm over thinking this and I agree, I should definitely consult a lawyer, but I'm trying to gain as much knowledge as possible first before I make steps to pay for a lawyer.  

I hire full-service property managers who do everything from maintenance to leasing.Thankful for any insight you can provide.Kevin

I would love your advice on the best meetups for a newbie like myself, who is looking to invest in a property to flip at first (to gain a cash base) to later be able to own multiple rental properties to accumulate passive income and grow equity.I appreciate the help in advance!

Flipping provides a short term gain, which typically people use to get started in rentals or some other form of passive income.

I have gained a ton of information from this sub and want to thank everybody for creating such a great resource of information.

I've always been on the other side of investments and development and I'm wanting to gain knowledge and experience so I can do my own investing/developing.

This cash flow does not include equity gain from making the payment which is in effect additional cash flow that can be obtained with a little effort.

I am joining BiggerPockets to obtain and further enhance my knowledge regarding Real Estate practices as well as meeting new faces that I can hope to provide assistance of my own as well as gain knowledge from them and their experiences.My expertise includes being involved in Public Relations and having worked in the Public Sector for many years.