right. thats ideal for me as wellThanks brother!

In short, I really want to purchase this ideal starter investment property but am a little worried about tying up 90% of my capital in a project while I'm self employed.On the other hand, I have been doing some research and know that self storage is a overall great return. 

Applicants with red flags such as bankruptcy, a previous eviction, missing utility payments, or defaulting on alimony payments should be avoided.Rental HistoryA previous rental history is the ideal way to find out how a potential tenant will treat your investment property.

As a  young married couple with decent income, we seem to be in an ideal position to start out investing fairly early, it is only a matter of getting real estate education and making deals happen.I have to confess, I have been a member of BP for about a year now.

Current tenant may be willing to owner finance since the payment to me would be only slightly more.How would I deal with the pitfalls of the mortgage company calling the loan, insurance, taxes, etc?

State refund check is a decent size, but going straight to emergency savings (which I feel is not bolstered enough if things were to ever go sideways).I'm in this weird limbo with wanting to accelerate debt payoffs AND save a good amount for a venture into RE AND bolster emergency money (like 6+ months of living expenses saved...ideally 9-12 months would be nice). 

Credit it important but not my top priority.....depends on why the credit is lower than you would ideally have.....late payments, collections, huge balances...vs they have high debt but make all their payments...have some stuff lingering from recent divorce etc.

This exercise will help you ascertain the terrain, location and its fitting into your ideal property.(8)PROPER DUE DELIGENCE: This is the most important aspect of the whole tips and actually summarizes it all.

This particular "student" uses my spreadsheet which does budget for outside bookkeeping per property ($50 / month + tax prep) and 1 eviction per year, which ideally would not happen.  

The movie does a good job of staying A-political, but pulls no punches on it's scathing review of the role the Federal Reserve Bank had in all of the crises during the last century.It's definitely an interesting watch for real estate investors, because it explains how interest rates are used as tools to move the economy in one direction or another.