Its a strange set up, but I just see all kinds of $$.

They'll tell you they need a full set of plans to bid accurately, but tell them you need "budget guidance for underwriting". ~ Scott

I've learned in the past couple years my mindset has changed from being scared to make mistakes and therefore not acting to acting and being cautious of mistakes and adjusting to them when they appear.

It is all about setting expectations and enforcing consequences. 

They weren't willing to co-sign...However, after meeting with a local bank who has been good to me, my wife, and our families we were offered the following terms..Yellow: Cash out $205,000 at 5.25% - adjustable rate.

Well because I could not commit to acquiring my first property with the remaining time in the year, I’ve committed to analyzing 2 deals a day to post on the forums here.It will allow me to gain knowledge and advice from experienced investors and also give other investors like myself (or soon to be investors I guess) an opportunity to contribute as well.Even if they haven’t done any deals, they may know how to avoid common mistakes while analyzing that they’ve learned since they’ve started on their path to REI.I know it may not be much, but I’m really hoping that others in my position feel inspired to contribute more than the normal “Hi I’m a new investor looking to learn from everyone here on the site” and those more experienced are still willing to share their experiences.Thanks everyone.With that being said:Property #12-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.8k/moOperating expenses (per month):- Vacancy: $190- Repairs/Maintenance: $35- Taxes: $300- Insurance: $133.33- Property Management: $190 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

I also believe in the Pittsburgh market, I was fortunate enough in my last year at Pitt to interface with the Mayor, Chief of Staff and some councilmen in a small class setting.

So, now that I moved in and almost have it set-up to my families liking, I’m ready to buy another 2-4 family.

A lot more to this obviously that we all don’t know about but if you could restore the original setting of the home in your rehab at a decent price then maybe give it a shot.

There's a lot of area not covered.Is there a way to do this, or were these sub-forums created at the beginning of this site and therefore are set this way going forward permanently?