BTW, that crash course was worth more than any book or seminar you could go to, so be glad you've got it out of the way and continue to build on it!

I don't know of any lenders who will give a pre-approval without getting the items you mention.I would require a pre-approval letter with all offers and would stipulate that you will continue marketing the property and accepting backup offers until closing.Eric

We would be equal stakeholders and I seem more committed than him so I think an LLC would be a good idea in the event that one of decides we no longer want to continue.

It's usually easier to continue in a formal business education in RE aspects than to enter an association course.

Once I had achieved my financial freedom I would continue to pursue my education by studying the subjects my interests lead me too.

(documented and continuous work history in order to qualify)FHA is only for 1 to 4 unit structures.With FHA you will have an upfront mortgage insurance premium (UFMIP) and then monthly mortgage insurance after that as well.

I just could not go much over that to make the #'s work.It needed a roof and siding along with all the needed kitchen, bath, floors, and paint.So to the next one.I will continue to search for the good value and not just jump at something that is a loser

Ben G- Interesting you mention about being a pioneer- I've had the same concerns, but I continue to look at a specific area of town like you describe.

I hope they continue to do so, because tenants will leave their unkept units and move into mine.

Will the seller continue to make payments?