If the seller files BK this property will be pulled back into it.

I really enjoyed the book and I read it cover to cover (except for skimming the veterans section as it does not apply to me).If you are a total beginner living in an expensive area, it is important to know all of the levers you can pull to secure your first property.

It was an unbelievable undertaking, but we pulled it off.Investment-wise, as far as real estate goes, I'm reading everything I can get my hands on, researching the local market, and trying to decide where to start. 

Hey Mark,Thanks for the response...I have 45K outstanding, so 75% of a 140K property, I was looking to pull 105K with a 55+ K in cash out for future investments.All total fees were around 2600+ and some change...

Ethan, sounds like you're on the right track with this- did you pull the trigger?

I was in a multiple bid situation, I had one extension already and they are known to quickly pull the house up under you and re-list.

utf8=%E2%9C%93...Here are a couple of threads I pulled from that list:http://www.biggerpockets.com/forums/88/topics/1931...http://www.biggerpockets.com/forums/311/topics/152...There are plenty of other threads there. 

The comps in the area were pulled 0-90 days back of course, and a range of prices from $265,000-$285,000.

If it's not then perhaps you continue on your current course and maybe look at pulling out some equity after inputting those costs and reduced income and assessing those results.Two additional thoughts.

When I pull up your address the first photo I see is the front of the house, which, in my opinion, doesn't do the inside justice, and that is the first photo that is going to be critiqued and ultimately the critical "first impression" by potential buyers.