It us amazing that you could get it all done in such a short period of time!

He receives the full amount of the rent for the 2nd unit until he gets back his $10,000 that was loaned to me (over a 1 year period).3.

Do periodic inspections.

@David Kosiorek Did you have an inspection period?

I am writing to get your thoughts on investing close to Turner Field /Peoplestown Atlanta GA.I currently have a SFR under contract (due-dilegence period).

That pesky seasoning period will stop you for a while, whether the original loan is a FHA or traditional.

The rate is competitive over the time period of repayment, yes.Remember, the problem we're supposedly mitigating here is a short-term cash crunch.I stand by my position that this is a decision personal to each investor and that there are valid reasons why an investor might prefer to build equity rather than maximize cash flow.My observation is that those who are chest-thumpers about cash flow being all that matters and leverage being a miracle tend to have certain characteristics.

I have seen some crazy leases where a Walgreens has a 7 cap but in the option period no rental increases for 40 years which is insane.

@Troy Michaels I do purchase insurance on tax deed properties in GA during redemption period. same with TX.

You also want to give yourself and your buyers plenty of time to inspect the property, so put 15-30 day inspection period and you can walk anytime within that period if it does not pass your inspection.My best advice would be that you should only lock up contracts that you are confident in...