But, in general, I've organized the book in a step-by-step fashion for how I believe a new investor should approach their first deals.

Do you look for websites and technology, or do you prefer the old fashion, fax/phone/email spreadsheet?

Account Closed be careful using bleach on surfaces like wood and drywall, it does not have the same effect it has on contertops, tile, or glass.

As a person from an Ag background the farmers are not eating out because there is more wheat it's because the oil people are buying or leasing their mineral rights and then paying them for surface impacts due to drilling.

If you hang onto the property , you are losing money every year...this couldn't even be considered treading water, since when you tread water, you are still on the surface.  

I really liked the reply by @William Allen - and on the surface it now looks like you didn't properly account for everything he suggested.

Any sign placed on any curb, sidewalk, post pole, hydrant, bridge, tree, or other surface located on, over, or across any public street, right-of-way, property or thoroughfare, unless authorized by the City Council.

Having help is the ONLY way I'm gonna get my sanity back and not feel guilty for going out and hanging out with friends because I know that the business is still being kept up in a timely fashion.

You should definitely have someone lined up who knows your numbers and is on board with your plan, even if it does end up taking several months or longer for the property to season before they'll do the refi.On the surface the numbers look workable in that you meet the 1% rule with the purchase price (though not the ARV, assuming it would also be around $300k, which is admittedly less important from a brrrr perspective) and could conceivably get all your money out with a clean refi at a realistic LTV ratio.  

But while they didn't trash the house per se, every surface was filthy and there were roaches galore.