I saw the text msg and missed calls the next morning.I sent my handyman over to fix it the next morning and they weren't mad at me.It might be worth while to buy each tenant a water key tool and show them where the water shut off is.

2)Is there something I'm missing or unaware of with this type of legality?

2)Is there something I'm missing or unaware of with this type of legality?

You missed @Jonna Weber quarterly meetup last night.  

I believe a mentor is what I truly am missing at this point because I tend to get so caught up in visualizing my end goal that I struggle to identify the requisite means and immediate actions that I should take to get me started on my investing journey.

I'm missing something... 

The picture resolution does not allow me to see the numbers really, but from rereading the thread it looks to me the following is the correct structure of this deal:Money out:     to the bank -$256k     to the seller -$993kTotal money out -$1,250kMoney in:     +$1,620k"since an amount of $256,696.26 has been wired to the owner's mortgage company, our pay-off to the owner is really $1.25M less $256,696.26 or $993,303.74"What am I missing?

Did I miss something entirely about this asset class?

Agree on the need to steer/guide just to make sure, too many big events in PS to overlook and miss out on revenue. 

I don't think he's ever actually even seen the house, if he did I don't know how he could have missed the Holton-Wise stickers on the doors, windows, cabinets, furnaces, hot water tanks and electrical panels.