I like the idea of multi-family properties because we can get multiple doors on 1 loan, which as SF is 1 door per 1 loan...just my opinion from what I have read and learned so far.

I would suggest you educate a lot more before putting in any further offers.Hopefully this one gets rejected so you have time to learn the proper procedure.You definitely need to account for holding costs, closing costs and commissions when analyzing!

I've also continued to educate myself (reading real estate/success-related books, listening to podcasts, chatting on BP, etc.). 

I personally have not seen what she referred to but reached out for my opinion after the landlord sent her an invoice unexpectedly. 

I got the condo for $375,000 on 5/24/2018 and want to start aligning myself to make another real estate investment, given the current home values this would probably take a few years but I want to start educating myself now.

I would love to hear any responses on this as i have not dealt in contract purchases before and would like some honest opinions on the subject.Thank you all in advance for your time.

https://www.cpsc.gov/safety-education/safety-guide...

@Mike Dorneman You may want to step back from investing and get back to educating.

If you have a tenant that calls for every spider and lightbulb, educate them on what is an appropriate call or get rid of them, it’s not that hard.

Small price to pay for the education you'll get, and the rates should be very competitive if you shop it.