Saves a great deal of money for us.   

(He's in full-time graduate school and graduates next month.)OR I can continue paying our monthly mortgage payments and save up towards another down payment for a second property.Here's where I get confused.Why would I want two home loans, with each property cash flowing ~$300/monthly, when I can just pay off one home and the monthly income is greater?

You know the work involved is much higher managing C properties.So as with many things, why not diversify into an A property, have your tenants pay your mortgage and your place to live, and set aside that money saved for yet even more deals?

Went to a local savings bank in CT and gave me a Commercial Loan under LLC @ 20% down for 20 years at 4.25%.

We also have two daughters (ages 3 and 8) so money is tight and we haven't been able to save much.

It's going to be regional, but put it this way: it's going to take a LOT of profit to make up the money saved on a good deal.

If you did - there is a potential to save on self-employment taxes.An alternative to tax savings is to open up a retirement account/HSA and make contributions.

While we do have cash saved up, we'd prefer to work on our credit for another year before looking at getting a mortgage or commercial loan to possibly do a fix and flip.If you were us, would you a) use our cash to purchase, fix and flip something older and cheaper outright which seems like a huge undertaking for our first deal, b) use our cash as the downpayment/skin-in for a hard money loan (balloon) while we work on conventional qualifications to refi at a lower rate in 12 months, c) My in-laws are in the process of purchasing a seller-financed home and are interested in "renting-to-own" their place to us.

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

I'd like to save a step so we can save costs....unless there is a purpose here that I cannot see.