If I have additional questions as I go along, would you mind if I contacted you?

lastly - even though this deal includes a warranty deed - i attached addition to contract stating clear title and title insurance would be absolutely necessary... - did i over do it?

Skippie, I'll second everything that monique said, with one additional proviso that you won't like and will ignore at your extreme peril!

Because of the additional superior features and services provided by the hotel, Condotel Suites are normally valued 15 to 20 % higher than same size residential units without added hotel features and amenities....

8) Feel free to use your real, business name, and to putyour website and contact information in your signatureso that those looking for loans can find you.There are others on this board from Cal who are interested in/ want to (maybe) invest out-of-state andI'm sure you'll be able to contribute to thoseconversations and will be a great addition to this board.Let's get some business done!

In addition if I do have enough money to start should I continue to rent a place and buy a place to rent to someone else?

I am assuming you would compare everything to a risk-free type investment like a CD or Savings Account and additionally maybe something like a mutual index fund for your analysis.For me, I believe I would normally pay somewhere between 700-900 on rent not including utilities.

In addition to my local portfolio, I've recently started wholesaling deals in multiple states.

Personally, I would invest the capital in additional real estate.

In addition, they are advertising in some magazine without asking me.