Not closing on time or having another agreement in place ahead may impact things as that was the agreement.

BUT, the positive would be:+ Catagory A neighborhood with stable renters+ Betting on property value will increase over 10+ yr given the neighborhood+ Turnkey rental, leases in place till 2018Would these positives balance out the lower CAP rate?

If I were representing you, I'd strongly advise you against it.At this point, read over the contract closely and see if there is a way out.Failing that, talk with the builder and see if you can work something out.If that doesn't work, try talking with an attorney to see what can be done.If there's no positive result there either, you may be stuck with it for the remainder of the first year. 

It was a blast to be able to have such a positive impact on the homeowner and we look forward to having the same positive impact for the new homeowner that buys this charmer!

Positive Net Cashflow) on a residential house hack the exception verses what my goal should be - to get as close as possible to cash flow neutral and save money on paying for rent.

I know that to buy beyond 4 properties - traditional big bank financing doesn't work easily and often regional/credit/small banks give out loans once you can show them your positive cash flow & appreciation portfolio.Appreciate all insights from amazing folks on this forum, happy RE investing :-)

Additionally, by purchasing in your home area, you may be in the best position to feel most confident in your research. 

The area will probably have an impact. what other shops are around?

Dewalt 20v XR impact driver.- I use it on every project it is a invaluable tool that runs forever on a charge and has all the power you could ever want from a cordless.2.

I want to get into rental properties and start accumulating them quickly.My question is, if you were in my position what would be your first move?