congrats on your new deal!

But if the deal is worth it to get you going, just do it!!

I look forward to posting updates soon about any deals that I can bring to close along with what I've learned from each one of them along the way! 

It’s been an absolute time waste and incredibly frustrating experience to deal with this bank.

I learned a ton in this process since it's my first new construction deal.

I got a great deal, a great house with tenants on a lease for two years and a very knowledgeable and responsive portfolio manager.

First 10 years is interest only, then after that you start paying principal/interest, but you can pay off the credit sooner and then as you pay it off you can invest in more deals once you get your other properties cash flowing to cover the debt service.

McGee I agree with @Ruben Kanya 100% As a newbie I think that you shouldnt get ahead of yourself trying to outsource tasks when you havent done a deal yet.

BUT.. his deals he stabilizes and sells right away to juice his IRR and that is just the model.

Head east my friend and check out real estate deals in the great state of Alabama, very low property taxes (0.40%) median home vales $200K with an average annual property tax of $800.