And as a newby, it just makes me wonder: if recessions are pretty much counted on in a cycle, are they all as bad as 2008?

I have a lender that will roll the rehab cost of the property into the loan and require 20% down, not counting closing costs.

I have a lender that will roll the rehab cost of the property into the loan and require 20% down, not counting closing costs.

There's a listing online and a sign in front of the building (very high traffic count road for our area).5) I have until October 24th to secure a tenant to get my financing to close on the deal.6) The building has been leased to one tenant.

If you can avoid paying your full living expense it still counts as a win because that is money you saved and did not spend.

CRM, email campaign, etc.) 4. accountability systems (i.e. regular meetings, tracking numbers, etc.)Counting on my fellow BP members to add anything I may have left out...Best of luck to you moving forward!

.** A bonus piece of advice that I received from a 20-year RE sales veteran (in a Home Depot parking lot of all places) - Don't ever count on a single CENT until it is in your bank account. 

Basically now you can only get back what you bought the property for, improvements that increase the value will not count unless you wait 6 months from purchase.

If there is a renter in the property, the bank will count 75% of the rent as supplementary income. 

Technically the houses are the same size but the cellar just doesn't count towards the square footage.