HELOC: currently it is 5.5% arm interest.Loan has to come from your steady job not R3.

There is one issue of concern that came out in my inspection:The basement bedroom window does not meet the national fire safety standard egress requirements.

@Jason Vandermark I’d post notice about a safety inspection (check detectors, check plumbing) ASAP and give a specific day and time.

How can I learn about the quality of life in a certain city or county as far as safety, how long people stay in their homes, whether or not the area is improving or declining? 

I started real estate in 2005, bought multiple properties (high-interest loans, arms, etc.).

I started real estate in 2005, bought multiple properties (high-interest loans, arms, etc.).

Learn how to replace the dryer thermal fuse, the door safety switch, and the belt. 

Nobody can predict when and how the market cycle will drop, but leveraging yourself up that much with minimal/no cash reserves and no REI experience at a time when the market is already very heated is a risky proposition and one you might want to consider building in a little safety net before jumping in. 

Contact Crowne Property Management (in Union) (www.crownemgmt.com)Arkad Capital (in Plainfield) they now have a property management arm. www.thearkadgroup.com - Tell them Tahra Wright sent you!

Challenge: Seller not negotiating even after inspection report showed areas needing immediate attention (for safety reasons) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?