The ARV is higher in surrounding towns than Worcester proper which makes your $ go further if you're planning to do a flip. 

Not sure of proper procedure here, just don't want to be inconsiderate given the holiday season so I would like to give them more notice if it is appropriate to do so. 

Congrats on your first deal, continue on your real estate journey and you'll be just fine.Happy Hunting, Vernon

Once I learn the business well, I’ll be back on the hunt for a larger facility next year.

@Matt Concannon sort of....it's usually 6 months but if you buy it with the proper structure you shouldn't have to wait at all. 

This would take a lot of time to find the right sellers + learn how to execute properly. 

What I mean by that is, if the profits/returns justify the legal costs, then go for it.A general rule of thumb is over 10 investors, it's going to be a security and warrant a properly structured entity for syndication.

It seems vital to ensure it was properly originated.

That financial freedom will be funded by my real estate investments; I'm on the hunt for my second deal and am excited to progress.

The loan is based on the ability of the building to generate enough net operating income to cover the loan payment plus 25%.That being said, the lender wants to be sure the buyer / borrower has enough experience to properly run the building.