But it's only a commitment to taking action that will get you across the finish line.

Hello, Scott Deetlefs, here's what I would pay attention to:Legal Considerations:Passive vs.

He gave me a $50K business line of credit and his staff has always been easy to work with when I simply call them.

I would pay the sellers mortgage since it is the same amount as my 1st.

Cold outreach is all about volume because you are trying to find the 0.5% of sellers who are motivated to sell.If you are looking for leads of sellers who are already looking to sell, you are better off doing inbound marketing such as SEO or PPC, or buying leads from companies that run their own PPC campaigns, which are called PPL (Pay Per Lead).For PPL, I would recommend https://propertyleads.com/

So that by the end of the amortization schedule, almost the entirety of the monthly mortgage payment goes directly to pay principal.

Here’s a detailed analysis to help guide your decision:Initial Costs:Purchase Price: $260,000Down Payment and Closing Costs: $60,000Monthly Cost: $400 for several yearsMarket Value:Current Value: $540,000 to $600,000Immediate Equity: $280,000 to $340,000 (based on the market value minus the purchase price)The substantial equity in the farm can be a powerful tool for your investment journey:Home Equity Line of Credit (HELOC): You could use a HELOC against the farm's equity to fund other investments.

I also have a dead line with the seller of the commercial property.

Everything Ken said plus plaster walls, no insulation, higher electric bills, walls sweating when its humid in florida and the resident leaves front door open, damp smelly houses, Pealing paint, wood rot, old windows, crawl space under the home, bdrm and closet doors that don't close properly, electric locks that the old front door doesn't like as the door is not aligned correctly, Cyrstal knobs that fall off, old thermostats with 2 lines but my new thermostat needs 3 lines, critters in the fireplace....

You'll also pay income taxes along the way on the operation of the property.