After I refinaced, this unit still cash flow about $ 327.00 per month.I paid $425 for appraisal.Mortgage company charged  $2400 for broker fee, $725 for lock in rate, $82.03 for credit report, $10.00 for flood cert, $70.00 for tax service and lender refunded $781.20 credit. 

If the housing market crashes the equity we have in the property will down of course, but our mortgage is locked in and rental prices will not be affect in any great degree.  

In my opinion where we are in the debt cycle the more long term debt you can lock up in fixed rates the better. 

Lock in your long term rate now while rates are low.

The typical Team members are Attornies, real estate Agents, CPA's (or accountants), Inspectors, and Genral Contractors,  As soon as you close on a property just get an insurance policy that will protect you if there is a loss.Also, as soon as you can after closing, change the exterior door locks.  

Welcome to the siteWholesaling is a great way to start;to get that first check.it will hone your marketing and negotiation skills for the better as an investor.your construction skills could give you an advantage with rehabs/new construction.Start your campaign now to lock up those great deal while also learning and interacting

Is the property accessible via a road (not land locked)?

Plus, if you select a fixed rate mortgage you can lock in your rate for up to 30 years to maximize your cashflow or lock it in for a shorter term and pay it off much more quickly.I know these answers aren't super specific, however, there are so many variables that my recommendation is that you find a great banker that you trust who can ask the right questions to help you solve your particular problems!

Always change the exterior door locks right after you close.  

Also, as soon as you can after closing, change the locks on exterior doors.