I pay HOAs, she didn’t want that either...Your accountant would need to know the full amount of the rent you collected, so that sounds proper.  

Needless to say I'm actually devoted with proper motivation to start up this real estate venture for real now. 

Hopefully you know which kind of title insurance to buy.Hopefully you also have a deposit to bind the contract and it's being held in a proper escrow.I could go on and on, but if any of this is a surprise or even an open question for you, get some professional help.Real estate sales looks easy from a distance - and sometimes it is. 

The impact via higher loan amount (i.e. financed closing costs), is already factored in the recoup analysis which properly accounts for resetting the 30 YR amortization.

😁House flipping is very easy and fun if you know what you're doing and set up the proper systems. 

Russell: the title company is assigning proper fee's to the proper people.

At 120k arv tenant quality should be reasonable with proper due diligence.  5% vacancy is obtainable.    

A good partner is good at and likes to do things you don't like to do and/or are not good at.  2 people with the same skill set (or lack of) that are just twice as broke as required to take a deal down properly?

A well-rounded property owner should have minimal issue managing their own assets IF the systems are set up properly.

And I'm sorry if this isn't posted in the proper place, I'm new here and still trying to figure everything out.Thanks so much for the help!