Of course when you become licensed initially there are so many to-do lists and articles to read about what you should do first, it can become very overwhelming quickly.

You will need to start with the attorney to make sure you have all the initial paperwork necessary for the transaction.

The initial deal involved the removal of tenants from both the units, but the seller was not able to remove in-spite of several attempts. 

My journey involved (initially) condo LTR's, some of which I paid cash for in Sacramento area ($95,000 and $105,000 etc), then 1031 into duplexes.

I actually understood your model initially. 

After initial acquisition of property its easy at:Excess annual cashflow / initial equity injection So let’s say you guys a property:$100,000 down on a $500,000 property, resulting in a $400,000 loan with the property throwing off $10,000 a year in excess CF after all expenses and mortgage payments.

I ask 3 initial questions: (1) do you meet the minimum income requirement?

If the initial capital outlay is too intensive for you, you could also negotiate and lease with the option to purchase.

Id love to talk all kinds or real estate and just get involved more.Also looking for recommendations of breakout sessions I should be attending.

Has anyone here had success in financing the initial property purchase and rehab?