I'm often amazed at the stories detailed on American Greed & the 'smart educated' people who fall for the unbelievable deal of a lifetime.

Set up your entity right from the very beginning, All this CDN or American Gurus will not tell you this either.Another thing that I really hate to say is the amount of capital that you have is not really helping you.

@Brandon Turner  just wanted to point out a typo in the PDF edition; not sure if it's also in the printed edition.On page 20, second paragraph, second line, it reads "Owning a home is the American dream and ss a result" when you mean "as a result".

Sometimes adults.

For future reference though I do know that some commercial insurance policies (like the one I have with American Modern) will automatically cover new acquisitions for up to 30 days.You can just call up and get a proper policy written up after you buy the property.

American and Southwest probably have some engineers kicking around, too... oil-and-gas is more of a Houston thing but there's a little of it in Dallas as well. 

I didn't have numbers, but I did know that I needed a place where 3 adults could be comfortable (multiple spaces for recreation, enough room to expand the driveway to fit a 3rd car, at least 2 full bathrooms, etc).

in california there are hundereds of non-profit companies that are very well funded that pay young adults or anyone. 

This means that the best way to get in front of BRRRR appraisal issues is to do research that appraisers WOULD be doing if a normal appraisal fee was ballpark $1,000 instead of ballpark $500, and hand that research over to the appraiser (or we can convince the American people that $1,000 is worth it for a high quality standard appraisal). 

If you have multiple adults applying, do you look at each separately or in the aggregate?