I'm a local youth pastor in MN and I'm looking into getting started in real estate so that I can provide extra income for my growing family.

When you start making exceptions you are no longer following your process. stick to the script.All the best!

I recently started my own practice as a bookkeeper and tax preparer, and am excited to learn more about how I can help best service real estate investors!.

I'll never forget what he told me, If you ever want to start purchasing real estate simply call this guy and write him a check and don't ask any questions.

How exciting to be just starting out in the space, congrats!

@Luis Cerwin as others have stated, Nov - Jan is the worst time of year to have a vacancy.Majority of tenants live paycheck-to-paycheck, so all their income goes to Holiday spending starting with Halloween, then Thanksgiving, then xmas, then NYE.January is also historically the worst month for rent payments due to Holiday Hangover Spending.

Only difference is the $10K is in your bank and the interest starts so you are paying on the full $10K over how ever many years they offer.Lastly, depending on your first mortgage rate it may be best to just do a "Cash out refinance" becuase its over a 30 year mortgage and the rates are lower then both Heloc or Heloans. 

It's not easy to admit mistakes.I think you should start by eliminating the get-rich-quick mindset.

My team and I are about to start a high density apartment entitlement/development project in Salt Lake City's new Power District.

If you are a Veteran its 100% financing which can also help save money and in as little as 6-12 months you can move out of a unit and rent out all units and start over.