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I have a friend selling a condo, price to me would be $150K, its assessed for around $185,000. Its a 2br/1bath, I would be buying it for rental purposes.

I want to finance it with as little cash out of my pocket as possible, but after talking very prelimilarly to a lender, the closing costs they wanted are like $15,000. Is that typical?

Rents in the area are around $1500-$1700, just throwing numbers it looks like my mortgage would be in the $1200-1300 range.

How should I proceed? Any advice is appreciated!!!

..other than reading these forums, which I have all day, for the last few days.

I am looking to start investing in real estate in NH. I own 1 house, also 1 condo that was my wifes.

Ideally, I think I want to buy condos, hold them, rent, then maybe move them in a few years.

I guess my main question is, how can I go about acquiring more condos with dropping every cent of my $100K in closing costs, etc.?