Just have not closed yet do to government slow down with land split approval for the property. 

@Jessie Wells, I would say check out the rules and regulations and see how much of an impact that would have on the investment (paying taxes, etc.)

I'm kinda lost here but i wanna do good in real estate can anyone point me to the rite direction in investing. i also heard that theres a couple programs that the government helps first time home buyers to buy there first homes with no money down if you have money saved tho??

But the government will never completely get rid of all social nets.

Millions of dollars will come back from overseas, jobs will increase Dodd---Frank and over regulated loan and banking laws will be thrown out .What is not to like if your are real estate investor ?

I get real estate goes up in value, etc. but man, sometimes I look at the money I spend in transaction costs buying and selling, contractors for repairs, tenant maintenance, excise taxes, other taxes, taxes ON the taxes that I'm the governments sucker propping up the economy.Take my primary residence for instance.

The BP site is wonderful for general advice and for expert opinion on US rules and regulations, but not for overseas laws.

Your market may be different; in mine sellers do not want to wait 2 or 4 extra weeks for some government assistance program to come through. 

Obviously this would be cheaper for the government because as you mention, once the down payment is made, they only have to make monthly payments of $450 rather than $750. 

State governments in particular love to catch these things.