@Ray LiPrior to jumping into 506b, speak with security attorneys and determine all the fees associated with it to see if your deal still makes financial sense.As far as DIY, whenever investors are involved, always work with an attorney to prepare the legal docs (PPM and everything else needed).

Currently reading 'Losing My Virginity' by Richard Branson and 'Inspecting a House - Third Edition' by Carson Dunlop & Associates.

I have not been to them but only hear good things about the Northern Worcester County Landlords Association out of Fitchburg.  

Southern Utah Real Estate Investors Association Sept. 17. 2014 @ 6pm.

You will love this site- nothing like associating with like-minded people.

In my mind, this is much more closely associated with maintenance expense, along with construction type/materials, age, deferred maintenance at purchase, and last but not least, THE TENANTS!

I am so impressed that I just referred an associate to the site!

BTW--Could you recommend professional associations that could be of assistance overall...should I really worry about buying an invetment property that I would live in, or just focus on the ROI at this point?

One of the big ones is the NWCLA (Northern Worcester County Landlords Association) in Fitchburg.The Worcester area is a popular one for people looking for cash flow.

@John Zackery Real Estate Investing Association.