There will be lots of on the job training.

Talk to a lawyer about nuances hereThe option should be executed for a single amount that deducts the option consideration up front ($82K) No ongoing principal reduction during the termMake sure that rents are very well documented because the lender will need those in the future loan application.We find it very easy to talk a buyer out of rent credits.  

(They do involve serious training and study, though.)I just wanted to make the point that there are legitimate reasons for getting a bank loan even if you have 100% of the cash needed to purchase.

Bradley is in training this week.

I think that you'll be in for a wild ride owning the other rentals that you purchased in this neighborhood.In regard to the vacant lot, for which you will have to pay ongoing taxes, the City of Milwaukee will want you to build new on it in a certain time frame (I don't know that time frame, sorry).  

Congratulations on going forward, it will only get easier from here on out.

On-going debt service plays a more important role in loan pools that have yield demands to meet for 3rd party investors like in RMBS.  

My must haves are:  walking distance to train, buses and shopping.  

There are rumors of a GO Train station and a Costco being built in the future.

I have only 6 agents with me, do not offer a lot of training for new agents.