If you did end up owning it, that would be just the tip of the iceberg.

Thanks for the tip on the podcast!

It is full of great tips and reads.

Any tips for an 18 year old starting out?

Full of great tips and reads.

Ask for the tax returns...but what are you going to do if they are lower income than he says, because he doesn't report all of his tips?

Also, I definitely need to hire a property manager, so please let me know if you have any tips on finding a reliable and experienced property manager.Please private message me if you are willing to help, and I will send you a link to the offering memorandum which contains a breakdown of financial information.Thanks so much,Joyce

It is near my current residence and work.I hope I can find help/advice/tips and network through this site and in time return the favor as I grow and improve in this endeavor.Sorry for the essay!

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessOh - and be sure to set up some Keyword Alerts- especially for "Bellingham" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself! 

Great tip on paying attertion to variable rates, I've heard of a few good deals gone bad because the investor didn't realize until after the rate increased.