Inflation data has finally started to look better (I believe even a little ahead of schedule) and the trending data shows that the rates are going to continue to fall.

Two separate bids should not be too far off from one another.Go ahead and make an offer on the property, but make it contingent on several things like full city approval, permits clearing, etc.

I'm still pretty young at 25, so there's no reason not to take risk with my money since I have a lifetime ahead of me to recover.My goal is ambitious.

I walk away from the property willing to take the credit hit because I'm $70k ahead.

I'm sure we'll face challenges ahead, but enthusiasm and energy can make up for a host of our shortcomings.Glad to have you here in the community!

I’m just trying to plan ahead for the eventual need I’ll have for a handyman.

However, unless your state has specific requirements, it should not be necessary to identify the mold ahead of time.

What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will also be under an umbrella policy)- Loan (I learned that as long as the LLC is owned by the original primary loan holder, they will not need to call on the loan)- What are the TAX advantages/disadvantage of doing this (my status is not full-time investor, still hold full time W2 job, and a SMLLC)Thank you very much BPeers!

If you can use that 62k to make more than 5k/yr then you’ll be ahead, not counting labor. 

What finance vehicles or methods are you using?