Yes, this your bill...it happens frequently, just part of the biz.If the seller breached the contract, you may may entitled to collect from the seller, but good luck with that.

The only things I’ve been able to find beyond having frequent inspections to irritate him and physically see him smoking it (which how are you going to do that when he shuts the curtains and does it inside?)

Rate would really depend on a variety of factors.

I use commercial loans in my business frequently.

To be honest, unless the numbers are drastically different, I wouldn't worry about it too much. 100k at 5 vs 5.5% is about 30 a month difference on a 30 yr fixed.I would select the bank that offers the widest variety and most flexible loan products so you can use this as a chance to start building a relationship with them.

I've always multiple general sources:1) Local investor friends - this is where I hear about a variety of general topics and can stay up-to-date on trends2) Books on topics that have caught my interest.

Think about the fact that having to float for just 2 weeks—which you will with frequent tenant turnovers—will take All of your leftover cash flow for the year.Get yourself a copy of David Greene’s book on long distance real estate investing.

From what I understand, there are monthly (or maybe even more frequent) meetings and it would be extremely hard for me to make those with a full time job @Courtney Fricke.

This basically stops wholesalers / flippers in their tracks (unless they're willing to do a double close).We do this because my Seller clients (especially the developers) frequently want to know who is buying the property and what they're going to use it for.

It’s not a bad idea to try and find someone more experienced to bring in, may have to start frequenting a local REIA.