I'm asking because I assume that if we record it, that would put an official mortgage on the house, which could block me from pulling any equity from the house, if I ever want to use it to purchase a third house.

Its in a great neighborhood next to good schools and a few blocks from a small downtown area. 

There are a few houses on my block that someone had demoed and built brand new ones. 

Contractor Tenant from calling you up next week to insist that the alcove tub/shower surround in the main bathroom isn't doing it for him and he'll put in a wheelchair accessible shower with a linear drain for free if you just buy the materials?

This schedule of rising “early” may provide optimal time blocks for accomplishing tasks and routines before work that prioritize what’s most important to you.

Mesa still has some opportunities, but the neighborhoods kind of vary in quality every few blocks.

Don't wait until your roommate put grease down the drain to have the conversation he is responsible for that plumber bill. 

Also found a small hole on the base of the front porch blocked with rocks from the previous owner.Will this be covered by insurance?

I would highly suggest walking before you purchase and talking with neighbors about how your particular block is like to live on.Soutb & West Jackson offer a lot of opportunity, but it is a rough area.

@Gert Dervishaj I would stay away from the Cross Street/ Oliver street block, the Henry Street block, and the Mechanic Street block.