Yes it costs money, but yes it's worth it (assuming they're a great lawyer). 

Some real estate investments grow a little slower and even though there is monthly rents collected, there is deferred maintenance costs and management requirements depending on what type of properties.

We we're able to negotiate with the seller (OG owners daughter) to cover all the closing costs to essentially get the purchase price to where the judge wanted, but bring our out of pocket purchase closer to what we we're asking for.

It will cost about $600.I wonder if I have spent the money too soon.I am not an expert in pest control.What if the tenant left a door open or something, and a few rodents slipped in?

I'll try to make this short and clear, but there are a lot of moving pieces. I own 4 pieces of property but I'm going through a divorce. 2 of them will be sold and I'm attempting to keep 2-- some VERY desirable land a...

The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money. 

Total capital costs was approximately $40k.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.

Cash out refinance puts the cash into your hands and money is power and it can be kept in a savings or another interest earning account to offset the mortgage rate.

My goal is to live in this first property for at least 12 months (but realistically a few years) and have a roommate in the second bedroom to help offset the net costs.