But since we also got to a point where most investors are waiving inspections or else you don't stand a chance...It boils down to other factors, like if you are using a buyer agent which cuts out 1/2 of the LA's commission, or like Patrick stated above, offering extra cash for closing, or high EMD etc...

I currently am a Power Plant Operator and am saving my extra income to start investing in assets so that my money can make money, instead of 'working' for my money.

Example would be as follows:$1695 - Amount tenant pays for rent$152.55 - Property management fees (9%)$1542.45 - Amount paid to myself$1469.02 - Mortgage payment$1500 - Amount I pay for mortgage (I prefer to round up just to pay a little extra on the principal)This leaves me with the $42.45 profit from the property.I'm not sure how to buy in an additional market (or even go looking for one for that matter) where I could purchase an additional property for income purposes.

After a year, the utility company requires air pressure tests, permits, meter/safety checks and who know what other hoops I'll discover and jump through.

or require permits?

Axiometrics posted their latest chart of multifamily permits for their top 40 metros- it's good to know how much new competition you'll be facing.

I have more free time than most recent grads I know and I am determined to use that extra time to continue investing in my own education.

Will I remember I have to go pick up a permit on Friday?

It will likely require a permit which will likely require an engineering drawing.

Rates today would yield you about a $7500 credit unless you're locked in...appraisal is a little high by a couple of hundred bucksI am with a "Direct Lender" called Skyline Financial out of Calabasas if you need some extra help email me [email protected]