This is if their are no other lions or mortgages on the property that you aren't comfortable assuming.

As far as the suburbs I don't know how comfortable i would be borrowing 200k+ for a decent single family home while still having some money left over for reserves.

You can put a copy of that letter in with your offers and get the seller a comfort factor that you can close the deal.Another thing you might want to do is to locate your office somewhere that is convenient for you and have minimal distractions.  

The buyer would get their 3% back (resulting in $6,000 less they need to come to closing with) and the seller would "net" the amount they felt comfortable taking (or $194k).  

Obviously, if you're not really familiar with how real estate transactions happen, getting your license will give you a lot more familiarity with the process and indeed help your comfort level when talking to other real estate professionals.The biggest thing you need to do is meet people, and other investors, if you're wanting to work with them.

I decided not to buy with an agent because I did not feel comfortable doing a rehab from LA.  

If I see different comps on a free website, I may challenge my agent's work on the comps, just to make sure I'm comfortable with the numbers.

Your tax pro can run the numbers at tax return time and figure out the best allocation method for interest and taxes.Tax-smart year-end strategy: If your property fits solidly into this category for 2018 and your expenses will comfortably exceed rental income (the usual situation), you will probably come out ahead by renting it out for some additional days between now and year-end.

I always  bought fixers so this is a comfortable process. 

You’ve learned a lot since you started the journey of investing in your first passive real estate deal: you’ve weighed all the differences between asset classes, zeroed in on your ideal geographic market, and put on your investigator’s hat to get comfortable with a few operators.