Don't underestimate the costs for the ROW permit and public improvements - you'll be obligated to do everything your property touches and bring it to conform to current standards, including alley if it's on one.Fire and sound separation codes are much stricter now than when much of our local apartment stock was built, so that's another thing to watch out for.

I don;'t think many of my books are using echeck so I don't think this is a big deal.Since Homeaway / VRBO accounts for 95% of my bookings and they keep my calendar full I can't complain about any of their fees.

Apartments are usually booked fast.

@Brian Krause a conventional lender cannot legally lend to an LLC...pretty standard stuff...what kind of loan are you looking at?...

I used a standard 30 yr 4.8 conventional loan on this. 

Honestly, one way to go about this process is compare what you have to the PAR Standard Agreement of Sale.

Participating in the forums, attending webinars and reading the books are all great ways to get up to speed - but nothing beats getting out there and talking to like-minded investors.

Like many of us here, I read the Rich Dad books in the early 2000’s but I never did anything with the wealth of knowledge because there wasn’t something like BP.

While on a road trip last week, I finished Brandon Turner’s The Book on Rental Property Investing, which was amazing, Ken McElroy’s ABCs of Real Estate Investing, and started Brandon Turner’s The Book on Investing in Real Estate With No (and low) Money Down.I’m extremely interested in the concept of house hacking and the plan for using that savings to help buy future SFRs that Brandon explains in his book and that’s what I’m going to spend a good portion of my time on researching going forward.

@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.