And I had the following questions:1) If you seller finance and the buyer defaults and they don't cooperate with you, are you still going to be able to complete the exchange process.2) To know the buyer is serious I will want a serious down payment. 

Especially when you see equity that you forced or “created” followed by debt pay down or equity your tenants help you create over time.

Best recommendation is to find out who the bank’s attorney is and follow up with them directly to make sure there is no sale date.

That area isn't the best are to start but it is a good area to start a family.I would work on finishing school and follow the markets in the areas interested. 

I have the following basic list and am looking for guidance on who else should add to that list:* CPA / Accountant* Real Estate Attorney* Real Estate Agent* Insurance Agent* Mortgage Broker(s) / Lender(s)I realize that depending on the type of real estate investment I might need more in my team (e.g. if I am rehabbing, I need a General Contractor etc.)Who else would you recommend I add to the above list at an absolute minimum? 

The equation is as follows, COCR = Net Income / Initial Investment The net income here takes the NOI and subtracts the debt service payments from the loan.

Require that rents be paid by the 15th (or maybe the 20th) for the following rent. 

Also worth finding the assessors parcel map for your land and calculating lot size based on those dimensions.Otherwise, I’d keep pushing the sale of 33 SF from a neighbor followed by a lot line adjustment as others noted.

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