We were very happy with the end product.

Presently a fixed mortgage is running around 3.0% which the variable rate is about half a point lower at 2.5%.While I have not found ARM products in the U.S.A. to be quite as flexible as variable rate mortgages at home, the principal is the same.  

It's stuff like this that keeps people poor. 

@Randy Landman Use this for Molds and Mildew, just mix them together with your paint, I use Glidden Paints since I get 45% off, i buy it from them, and they mix it on my bathroom paints, and I paint around 150 of them at a time. http://www.rustoleum.com/product-catalog/consumer-brands/zinsser/cleaners-and-mold-and-mildew-proof-paints/add-2-prevent-mildew-mildewcide-additive.

One of the upsides of the BRRR method in the midwest/rust belt is the availability of product.  

Bank regulations simply would not allow FDIC-insured money to be invested in such a poor credit risk but the beneficiaries of the deceased man's mortgage deserved payment so they sold the non-performing mortgage to a Boise " Private Note Purchaser" for a small fraction of its face value because the heirs lived in a small community and did not want the infamy of being the ogres who would compound the misery of an unlucky family by seizing the home through foreclosure after the occupants had suffered the loss of their son to childhood disease.The Boise opportunist had no such inhibitions.  

@Joshua Sayre, yes - if you decide to invest in A or B product there is a chance there will be fewer headaches, but be prepared to pay on aggressive cap rates as many other investors are looking for the same thing.In another thread I talk about the getting started, so let me refer you to the link as you might find a nugget of info that could be helpful to you.http://www.biggerpockets.com/forums/432/topics/188266-i-quit-my-cpa-job-to-buy-large-apartment-buildings 

I am definitely inexperienced so I am thankful that I can rely on you guys for guidance.As a side note, I ordered "Rich Dad, Poor Dad" and "The Millionaire Next Door" which should be here tomorrow.

And by the contractor having skin in the game, the GC would not likely draw our the process and it would be done quicker with attention to the finished product since he/she will profit from a home that will sell quickly.

Yes, they'll pitch you later for other product offers but the training is a bargain.