Hey everyone, Glad to finally be a part of the BP community!

The son came through, trashed the place and took what he wanted---finally 3 weeks after he should have. 

I think it would be very wise for you, since this is your first deal, to get some serious training before you make a final commitment to this property.

Now we are finally to the point that we HAVE to do something about it.

-Interest Rate Adjustment: The interest rate payable on this Note will be subject to adjustment from time to time in the event "lender" deems it necessary or prudent.The above terms are not all inclusive and any final commitment and documentation would include other such conditions that are customary for similar transactions.

Matt nailed it.

And finally while we hear about flashy deals, most folks make money years down the line - once rent has caught up with the mortgage payment and appreciation is where its at (at least where I am) it is a get rich slow game :) RE is the single best way for average people to build wealth. 

My name is Andrew and after listening to the first 30 B.P. podcasts I've finally gotten the hint to make a post and say hello, so hello everyone!

Finally I told enough people what I wanted to do and put it on my vision board so it came to life.

Hi ThereI finally got first investment SFR and now I am under contract, close date will be end of Sep.I get the home inspection reports and attached file is some of major concern items.Since it is build 1994, the home in general is pretty good shape but these few items, i am not sure how much cost will be if i am going to fix.