I was on that pave before as a rookie and that's how I learned my lesson in a hard way.

For tax purpose, we've been filing as PLLC (which is an added cost that we didn't know...rookie mistake).

Hi everyone, rookie rental property investor here.

I would also guess (not that I've loan-shopped since the last fed rate hike) your rate might be 5% - 5.5%.So, just to be really, really over general with a few rounding errors along the way:$1.5M purchase price $375K down (25%)$1.125M loan amount $7,425 monthly payment (at 5% interest rate, 20 year amortization So, you're basically at a $7,500 mortgage.

Hey everyone,So I currently am a rookie looking for some investment advice.  

We obviously seem to be dealing with a user error issue here... perhaps some assistance with using the numerous filter tools on the website to refine the list of properties?"

Less margin for error though on my first rehab, and I'm a bit worried about a correction, so was baking in a little extra margin (hopeful but alas).

Seems silly to have to re-finance when you havent yet closed on the property - Are there legitimate ways of say financing 200k with cash-out at time of origin purchase or am I just thinking like a rookie?

Bid on - hundreds, but that includes auctions that flew past my price in seconds.Won - ten2 became properties of mine, 1 was cancelled and refunded by the county due to an error, 1 is still pending, 1 expired worthless as I chose not to redeem (lesson about diligence), and 5 redeemed. 

Now your question:  There should be an insurance policy in place for "errors & omissions".